I made an offer on a property today, but unfortunately, it was not accepted.

They are going to put in a certain amount of work and their own money on marketing, photos, their overhead costs (agents are independent contractors who pay their own E&O and health insurance, income taxes, MLS dues, NAR dues, continuing ed requirements, etc., etc. all out of their commissions before they get to keep any $), their time, etc. then they also have to split anything they make with their brokerage. $4k would be losing money for me but again it sounds like a lower cost of living area.   

The offer would be subject to town issuance of a zoning cert. stating the lot can be built on.

@Brittany HeilI'm not certain if this applies to all markets, but our lender (and loan product) and property insurance company expected us to move into the Primary residence within 1-2 months.

I would like to make him an offer of seller financing or conventional mortgage and show how the seller financing could be a better deal but I'm not sure how to go about offering that.

.- Payment Plans and Financial Commitment: Many off-plan projects offer flexible payment plans.

If so in about 24 hours I will give you an offer IF we can get in.

Text me, there is a new platform to connect with hard loan lenders that offer very competitive rates!

@Nick M.Making $18k a year on a this investment is not a good returnI am curious how in 7 years rents have not gone up to overcome taxes and insurance - but neither here nor there.Issue is if it’s not cash flowing at its current value when you look at noi and cap rate what makes it appealing for someone to pay that amount?

Where I am the contract is not valid until the EMD has been received and that is usually within 24 hours of submitting your offer.