All Forum Posts by: Donald Patterson

Oh ok....Thanks Scott. The taxes currently on the property are $1200 per year. I am getting clarification but that is the information I have so far.

Wendy....thanks for the encouragement. I already am prepared to get turned down more often than accepted...but those that are accepted will hopefully be the great (or at least really good) deals that we are all after. Cheers!

Kevin.....thanks so much for the worksheet. Fairly easy to understand.....Just what I needed. Thanks again.

I'm in northern Virginia and because of the DC commuter traffic, our rents seem to be a bit higher than even southern Virginia.

Thanks again for your input. Trying not to get married to the deal. But I do want to at least try my hand at the negotiating table (120K or less). I am prepared to walk though.

Scott--you mentioned more info to properly decide on value? 

Thanks everyone for your advice, tips, and suggestions. It seems that I would really have to talk owner down quite a bit or just move on. Really appreciate the info. I found the calculators...they are great. Thanks again.

I am considering this deal for a buy and hold....this is a duplex that needs rehab. Haven't started negotiating price yet, but I know I'll have to get he owner to come down on the asking price. Just wondering what some of you might do to make this a good deal for both myself (the buyer) and the seller.

ARV = $250K
ASK = $160K
Avg Rent in area = $900-1200
Repairs < $55K
3bdrm/1bath 940sqft 

BP'ers...please give me your thoughts, ideas, or suggestions. Thanks very much.....

Kevin,

Thanks for the advice and tips. I'll definitely keep all this in mind as I go forward.

Any other tips or advice please don't hesitate. 

Also, are there any particulars that you always put in your offer to safeguard yourself?

Thanks Jerry. The properties are in need of rehab. Would you have funding available for this type of purchase?

I am looking at two duplexes. I have already sparked owner interest in wrapping them up in a package deal.  Negotiations are about to start when I place the offers this week. Both properties need work but have real potential. Any ideas on financing to produce a win-win for me (the buyer) and the seller? Thanks...

Hello,

Looking to get together with a seasoned investor in the are who may be willing to share some advice, tips, or any other helpful information on investing in the area (Fredericksburg, VA).

Thanks....