We initially signed a contract for asking price on the property and I subsequently asked for $20k break on the price based on the inspection results, which I thought was a fair ask and the seller signed the addendum accordingly.Now the seller is asking me for another $6k to cover costs of heating unit replacements (after further inspections done by the seller as required by the city) since the units are over 50 years old and cannot be brought up to city inspection requirements.

I was very disappointed that this wholesaler was not willing to split the difference with me after such a strong recommendation.

We are getting serious about buying our first property. We are working on our business plan to show to banks and/or potential financial partners. What is something that you wish you'd included in your business plan? W...

Initially, few counties were allowing cannabis businesses.

The PM company that initially managed them, also belonged to the seller and they do not wish to continue managing once sold.

That amount will need to cover the projected All-in cost basis as a minimum.Be sure the bank will refinance based on a new appraisal after the Rehab and not based on your initial purchase price/costs.

I️ would recommend Bakersfield, CA because you can buy a pretty dilapidated property and put a little work into it and collect a pretty strong rent then refinance.

The process with Memphis Invest: Memphis Invest handled the initial intake very similar to every other turn-key I interviewed.

There are lots of options, a lot depends on your goals and how strong of a borrower you are.Good luck!

We are looking at new construction in my town, which has an extremely strong market, with these numbers on a 1600 sf two story, 3 bed/2.5 bath, traditional style (Ross Chapin Pocket Neighborhood/Goodfit plans or similar, if you are familiar with that architect). $60,000 lot$200,000 construction cost$450,000 sales price We could do a few single infill projects like this, or I have a few off-market parcels that I'd like to secure with 4-8 lots.