All Forum Posts by: Danual Berkley

Can Anyone tell me how to @ someone in the feed please? 

@Chris Harn did your property need a lot of rehab? 

Do any of you offer 80% of the value of the property, even if it's move in ready minus minor rehab? 

@Damaso  Bautista thanks for the advice!!! You're right! 

John I did include that in the original post. 

Thanks Chris!! I was thinking this was the strategy for ALL properties. I'm planning to buy my first rental spring of next year. 

I've been reading The Book on Rental Property Investing by Brandon Turner as well as listening to the Bigger Pockets Podcast, and I've heard not buying for more than 80% of the property value was a must.

So what I did was run the numbers on some of the houses I'm interested in and it seems to really undercut what the asker is wanting. 

For example a seller listed a unit for $72,000.00 in my area, buying at 80% would mean I would offer them $57,600.00. That seems really insulting to me if I was the seller. 

So how do you even begin to achieve this goal of 80% without being told to F-Off???