All Forum Posts by: Nate Vil

Hi BP family, I have a quick question for all experienced investors (or anybody who's been in this situation).

I'm curious what's the best strategy you've found for negotiating a deal? Do you always aim for a win-win situation? Are there times in your experience when taking a loss would be advantageous in the long run, etc.

Reading a book and googling the "negotiating strategies" is one thing, but coming from a newbie investor, I'd love to hear your perspectives and stories. Is there a special tactic you've found that works for you, that hasn't already been mentioned online? Thanks again BP family :)

@Mike Bean solid advice thanks Mike.

I’ve been reading The ABCs of real estate investing and the Barnes and Noble edition of Real Estate Investing. I’ve also ordered some books from BP and looking forward to diving into those soon.

@Spencer Cornelia I agree, I figure tenants would like a fair price for the units and otherwise would go elsewhere for cheaper rent. 

Also, this might be a stupid question. But in your opinion, with increased units, is it any more difficult to fill those units than a single family or duplex? Since there's more units, do you run the risk of more vacancies?

@Spencer Cornelia Compared to other parts of the country, I was shocked to see the prices of some of these complexes considering their location and state. I'd like to add rehab value to the property, but just like you said, the market is too hot.

That being said, its a good thing I'm not desperate to start investing at this moment. If anything, I'm still learning, reading books, podcasts, and saving up as much capital until my first purchase.

Hi everyone, prospective newbie investor here. I'm from Las Vegas and I'm set on house-hacking as my first venture. I took a peek on the MLS and various sites (zillow, realtor.com, etc.) and found that multiunit complexes weren't in the most desirable part of town (mainly in downtown or eastside). Ideally I'd like to find a place in Henderson, Enterprise, or Summerlin area. Am I overlooking any part of town that offers duplexes and triplexes? Or are new/recent duplex and triplex developments not common in Vegas?

Please forgive my ignorance in the matter, real estate excites me and I'm willing to learn. I've already reached out to some real estate agents, but would like to hear your thoughts. Anything is appreciated, thank you.