For your seller its an effective sales price of ask - 2% using your assumed $500,000 thats $490,000, a real good offer depending on your market.  

I'm new to real estate investing I didn't even get started yet, I'm just looking for a way to get my foot in the door because I know if I don't I never will 

Congratulations to you and your husband on taking the leap into real estate investing!

Hi Kevin,It’s great that you're involving your son early in real estate investing!

I’m new to real estate investing, aside from a handful of books I’ve recently finished—one of which (BRRRR by David Greene) led me here.

Nobody should raise equity for their first ever real estate purchase.

Utah County is 8 years on average younger than Salt Lake County, Demographics are more important than any other factor in real estate investing.2.

I’m a former/ sometimes still carpenter and a real estate agent, have done hundreds of transactions.

And that's before factoring in competition from seasoned investors who often have the cash reserves to avoid these costs entirely—allowing them to outbid you and still make a solid profit.If you don’t have significant cash reserves or can’t find a true off-market diamond in the rough, I wouldn’t recommend flipping as your first real estate strategy in Boston.

I'm actually a real estate agent.