That was good confirmation, 10K was actually my targeted amount for negotiation.

I negotiated the price 15k lower than the asking price and I now plan on reselling the property to my end buyer for a small profit.

So, after negotiating we decided to meet in the middle (10k higher than our offer).

I wonder whether it makes sense for you to negotiate a contract that includes those items in the percentage?

The seller has actual cash flow numbers for 3 years based off of 14sq ft. market research shows though that the tenants are going to re-negotiate down to 10 sq ft with going market or leave.

@Rikard Lorén It would really depend on how you would negotiate with your partners, but I would best set it up as a simple loan at a fixed rate of interest.

Hi Jason,If you are getting a salesperson's license, you will need to work under a broker to collect commissions and negotiate sales of other people's property.

Jeffrey if your agent doesn't understand the basic mathematical formulas that come with analyzing properties of this type than frankly you might want to look for another broker/agent that does.A local broker that is experienced if they know that 7 caps are asking price and with negotiation you get them to 8 caps and 10 caps do not exist in your area due to buyer demand then that broker/agent will try to reset your expectations, look in a different area where that can be found, or not work with you.To arrive at the TRUE CAP you have to know how to analyze the numbers.

So, we think between his handy dandy jobs and my ability to negotiate, and with the very real fact that we have no money to invest at this time, that those are two real ways we can begin with.

If the seller objects, the negotiate it to something that you feel comfortable with.