All Forum Posts by: Cassidy Burns

Hi BP,

I have friends that are relocating to Kingsport, TN and are looking for an investor friendly real estate agent.  He is looking to purchase Duplex- Quadplex as Primary Residence.  

Please send me a direct message!

Hi BP,

I wanted to see what other flippers/ developers thoughts were on this topic.

When does it become OVER NEGOTIATING? I find myself when making offers, obviously wanting the bottom bottom line price, for good reason.

BUT, when does the potential of losing the deal over a few thousand dollars become not worth it? The deal works at the particular # but I am still extending, trying to get the lowest price.

I currently have my criteria set at 30% margin, which works great for my area. But am trying to scale up the volume that I am doing on an annual basis for 2019.

Would love to hear others thoughts on this !

Thanks for the help everyone!  I'll be in Baltimore this Friday taking a look at a few places and exploring the market.

Good morning @Yonas Kebede, welcome to BiggerPockets, you won't be disappointed.  You are moving in the right direction, education is key.  Let me know if I can help!

Good Morning BP,

I wanted to see what other flippers/ developers thoughts were on this topic.

When does it become OVER NEGOTIATING?  I find myself when making offers, obviously wanting the bottom bottom line price, for good reason.

BUT, when does the potential of losing the deal over a few thousand dollars become not worth it?  The deal works at the particular # but I am still extending, trying to get the lowest price.  

I currently have my criteria set at 30% margin, which works great for my area.  But am trying to scale up the volume that I am doing on an annual basis for 2019.

Would love to hear others thoughts on this !

Welcome @Spencer Liang, which Commercial Firm do you work for in Bethesda? 

Thanks @Kyle Johnston, I really appreciate it!

Hi BP,

Specifically those familiar with the Baltimore, Maryland .  Are there any specific primary residence loan programs that you are seeing in the Baltimore City area?

Home Ready?  Geo/location specific programs?  Tax Credits? Etc.

Any help is greatly appreciated!

Thank you.

Welcome to BP @Michael Needle

Hey @Jon Holdman, great explanation and easy way to do the "napkin math" for any property.  Just curious at how you came up with the $665/monthly payment ? and what exactly is the 7%? is this your interest rate including recordation taxes?  Or was this current interest rates at that time, 9 years ago?  

Thanks.