All Forum Posts by: Richard Dunlop

 So I give you $250,000 and you'll give me $240,000 over the next year.  Wait, I'm still out $10,000. I need more details.

Hello, 

Newbie here!

I'm putting an offer in on a triplex in southern California for about $950k...

If I put 25% down...

Although of all the areas, I would caution folks most about Boston Edison.  You can have a 7,500 sq.ft. stunning mansion that backs up to a burned our shell of a house.  You have to know which sections of B.S. you're looking in. 

What I don't understand is that I hear on the podcasts and such saying they are paying 30% less the sales price. How can sellers be that desperate. I just don't see how realistic that is and how often do you guys pay so much less on properties. All I said to the agent was that I wanted houses that were 140,000 ARV an that were 3 bd/ 2 bd no more than 1500 sq ft. I read the BP house flipping book and I just not grasping how people will be willing t sell a house so cheap.

 Cash flow seems pretty good where you are at.  Best of luck!