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Updated almost 5 years ago on . Most recent reply
Re-doing a deal before closing
I'm about to close on my first rental investment - started negotiating pre-corona. Was going to do a quick clean up, with about 5k and rent it out. Given the risk of rental market in B to B- neighborhoods likely struck by fiscal fallout would it be prudent to: A) see if I can renegotiate the selling price to insulate myself more B) Pull out altogether C) Move ahead with what was a good but not great deal.
Most Popular Reply
Originally posted by @Britta A.:
I'm about to close on my first rental investment - started negotiating pre-corona. Was going to do a quick clean up, with about 5k and rent it out. Given the risk of rental market in B to B- neighborhoods likely struck by fiscal fallout would it be prudent to: A) see if I can renegotiate the selling price to insulate myself more B) Pull out altogether C) Move ahead with what was a good but not great deal.
What do the numbers look like? I am in a very similar situation -also in NC.