The property was a 3/2.5 single family home (with bonus room in attic that could be used as a bedroom) 2400 sq ft.

Investment Info:Single-family residence fix & flip investment. 2500 sqft home, 4 bedroom, 2.5 bath custom built home in Friendswood, Tx with huge 450sqft bonus room (not shown in pictures) What made you interested in investing in this type of deal?

If you're logic is that you feel like you'd enjoy paying 15% less, it's unlikely that the seller is going to want to sell.However, if you come to the seller with some information about why you think you're asking price is more appropriate (rent is lower, CapEx or repairs needed, etc.) you will at least have an opportunity to talk about it, without frosting the seller.Extra bonus note: using the fact that it's been listed before or been on the market for a long time as justification for a lower-than-asking offer on one of the lowest cost assets currently available in your market will DEFINITELY frost the seller.You'll need to get your hands on a rent roll or a pro forma, too ... it'll be tough to do good analysis without the basic numbers, even if they are padded a little.

House situation: Built in the 60's, 4 bedroom 2 bath with full basement with bonus room gigantic laundry/utility room and office, 2 car garage, workshop area, and  it is definitely livable and had a couple of additions over the years, but I have a couple of concerns here.

I am thinking of asking him if he will let the listing agent double end the deal, and then we will kick him a bonus from the profit we make on the flip.

Another bonus is that there's very little competition for these types of deals.You might ask how I know that...it's because I'm the speaker at that meeting. 

The good friend of yours is a bonus to always run questions by and ideas for things that you don't know how to handle. 

(Actionable lessons, how-to's)Scott Brown Carpentry (Enjoyable content, Great production value, how-to's)Paint Life TV (Actionable lessons, how-to's)Bonus: Tarl Yarber is doing some great work putting rehab videos out on @BiggerPockets .com youtube channel as well but they are few and far between for now. investorgirlbritt on instagram has some great content and I think is working with BP but only one youtube video up for now on her account (Brittany Arnason). 

With Tax liens you are guaranteed a 5% return so i was covered with a 3.2% bonus from the start. 

Hi Everyone,Newbie question...If I buy a property that has a bonus room addition that was never properly permitted, is it better to just to leave it be or would it be possible to get the space permitted now since I am a new buyer?