If you have a PM (or, hired manager with enough units, about 50, I'd guess), then you're giving up a cut of the take but getting free time.

Other such sales that do not rely upon acutal appraisals for the evaluation are auction sales, such as foreclosure sales.

Let me tell you, if you want to save me postage, then I will give you a cut of any deals created - no problem.

The math is $9,625 acutal commissions paid minus $6,000 bank paid commissions equals $3,625.

My property manager is acutely aware that I know what things cost and doesn't try to overcharge me (common issue with property managers).Starting with quads lets you have decent cash flow compared to house.

Below is a cut & paste of the form they sent us:The following information is required by the Veterans Administration and will accompany your application for loan approval.As employed parents of minor children, I/we certify that the following information concerning child care expenses is true and correct.My/Our Children are cared for by _______________________Whose address is _______________________Telephone number ________________________The cost of this care is $_______ per week $_______per monthThe joys of dealing with a government agency.

If your deal is really a good deal, talk to family and friends and see if anyone is willing to put up the down payment for a cut of the deal. 50/50 would be pretty fair.

I have also gotten with a GC and used employees when they needed work at a cut rate, keeping workers earning is a concern of any GC who needs to keep his crews.

Here is a link to what is used in the state of PA to derive an approximation to market value based on the tax assessed value (the state gets a cut of real estate transfer taxes, so they want to have a way to see if they are getting taxes on transactions as high as they expect to see); you'll see the numbers are all over the place...

I agree with you, as that is a cut and dry answer, but what do I do if he just doens't want to sell it?