All Forum Posts by: Chris Rubin

 then ask the listing agent directly, what it would take to get to that price.

You say the numbers work .. what are the numbers that work ? You never posted them

Always revert to your numbers and the evaluation of the investment.  If it meets the criteria for a good investment at 310K, you are accounting for all expenses correctly, and the property is truly turnkey with no major capex in the foreseeable future then by all means go for it.  

Why do you think that 310K is overpaying? Was your 290 number just trying to hit a home run, or is that where the numbers actually make sense?

I look at things like this as a percentage of the deal. If this was a 50k house and you wanted to pay 50k and the seller wanted 60k that’s a fairly substantial gap.

On something like this for 300k this is small, hence probably buy it.

Like others have said it also matters how long you want to keep it. 70/month for the life of your mortgage of 360 payments would be 25k

I agree with the others, if the numbers work, the numbers work. 

Also, if the seller feels like they "won" getting the 310k, if something shows up to be an issue they'll probably be much more willing to fix it.