My history with asset managers, tells me they generally don't accept or counter at more than 10% off of current list price, so it may need to drop more to get a better deal.The low ball offer does have value though - place an offer at 30 to 40% under - it will likely get rejected, but tell the listing broker to get back to you when the seller gets serious - you might get a call sooner than you would expect!

If it does not meet your investment criteria, then it does not matter what the cap rates for the area are, whether the broker tells you its a good deal because its slightly higher cap than other recently sold properties, etc.. none of that matters.

The broker I am working with says the house in valued at $94k and she thinks the bank will take $70k.

Here are my brokers comments regarding this deal:I decided to send the previous listing to you.

You'll meet hard money lenders, realtors, brokers, and the like, there.

I am looking for an agent or a broker to add to my team.

I've brokered mortgages for about 11 or 12 years and real estate for about 7 or 8.

thanks dan i wiill ook up some previous posts. the problem is i cant do sub tos as i am a licensed broker...

I have my buyer's sign a 'buyer's broker agreement' which clearly describes our relationship, compensation and duties.

Hi to everyone on bigger pockets, my names Chris Sumner and I'm a land and property investment broker for international company based in the UK.