His motivation doesn't seem to warrant the acceptance an excessively low offer.....which is why I brought up the topic of motivation, but we will know for sure come this weekend.Seller financing seems to be an advanced tactic, and I would truly prefer to get my feet wet with a cash offer.

What if you do an excessively great job and spend a lot of money unnecessarily?

. :)Having said that, even if she were the successful bidder at 220K, you can bet every single one of the 130K she 'saves' they will file for a deficiency judgement FAR in excess of the 130K.

The $2,000 or so it is going to cost is minor, when purchasing a property that is north of $1million.I personally wouldn't be as concerned about the mold, unless you know there are water/moisture issues.

Let me clarify that I am talking about owning a business with multiple team members, that is flipping properties and creating excess cash flow.

Unless your loan agreement has a pre-payment penalty, making lump- sum principal payments is an excellent way to reduce debt and build equity because the excess payment is entirely applied to principal reduction, no interest..

Along with deductible land prep costs within 100ft of the build Now if the land was in excess of 5 acres I would look at subdividing to get around the o/all land assessment :)Hindsight is great isn't it :)

For example say I have a fair amount of excess capital in my flip entity from profitable flips, I can return that capital to my personal account and document it as such (return of capital, profit share, compensation, etc...) and then "invest" that money into my rental entity when I need to purchase a rental.

@Jane Z.I see that you're in Georgia and the late fee does seem to be excessive, since there are few properties that have extremely high rents (like San Francisco does).

Unless your deal is excessively thin, in which case you shouldn’t do it, the points and interest you’ll pay with a loan won’t come close to what you’ll normally share with a JV partner.