Unless the deal makes sense at your current price and the $6K up premium is not worth losing future profits over, my advice would be to let this deal fall through and make another offer based on the new MLS listing price, At this point it comes down to what the property is worth to you and if you are willing to risk the deal over $6K based on your projections.

You can make a lot, and lose a lot too!

It's a good starting point - find out who the real key players are in your area.

:shoot: We lose a lot of buyers to others who market garbage, but I am in this for the long haul, and work hard to create clients for life!

And you only lose lot rent each month it is empty.

I would rather watch intelligent stuff like this anyday regardless of viewpoint, than people on TV losing their minds following Obama like sheep over the edge of a cliff...

:lol: I couldn't agree more, There will be 3 types of people. 1) People that cry and lose money. 2) People that just stand still. 3) People that see opportunity and move forward.I guess 4) would be the people who stock pile ammo.

I am not saying that is a bad thing as you SHOULD be paid for your services, only to point out your opinionated statement does not come without bias.Alfred,If you are not "too hot" on retirement or tax deferred vehicles, you need to get hot as they are one of the greatest strategies/advantages to planning for retirement.I would NOT suggest you pull the cash out with your 20 month deferred plan as you will not only pay the marginal tax rate on the withdrawl, but you will also get hit with an additional 10% penalty.That said, you will basically end up with only 1/2 of your funds after taxes and penalties.I would strongly urge you to reconsider that course of action and educate yourself more on the subject, both right here on BP and any other sources such as books, news articles, programs, etc.If you are self-employed, I believe the solo 401k and now, the 401(a) plan to be a great choice over the SDI.For those you are not self employed, the SDI is a great feature, much more beneficial than IRA accounts managed by others who ONLY care about how many fees and commissions they can earn from you, regardless of the fact that you make or lose money.There are several legal and moral strategies to use qualified plan funds and benefit yourself outside of the plan all while benefiting the plan at the same time.

That 1% rule is a sure way to lose your shorts in the best of circumstances.

With debt service of $754, you are necessarily going to lose money on this deal long-term.Stay away.