If for some reason you need to lower below 5%....you still need to offer the buyers agent at least 2.5% and take the lowered part from your self.

We could use all the help and advice the community has to offer.

I have had zero turnover on that property since I bought it 2.5 years ago.From the pictures it looks like a little more than paint and minor repairs:https://www.coldwellbankerhomes.com/in/merrillvill...How much are you looking to offer on it?

I was going to offer to buy the deal. 

If you can find a Partner that has cash you might have to offer them a profit split.  50 percent of something is better than nothing.  

I love what Bigger Pockets has to offer, and continue to listen to Brandon and his many great podcasts, while reading as many posts from everybody as possible.

I understand this will require me to offer value to whomever I work with. 

@Jo-Ann Lapin thank you as well.wish you all the best REI has to offer.

Using my bonus money coming in Feb (about $50k), I plan to offer the seller:* $15k cash (offer is $715k and I'm hoping for a deal of $650k)* Fist year -> Master Lease Agreement (I will offer him 6% of the sell price)* Following year, I plan to get a conventional loan we'll see..

I.E.You want to offer $200K, add the 3% for a total offer of $206KNow if you want to kick up your game one more notch then you will add lets say $10 to the offer price so that you out bid the lovely investor next to you who offered $200K cash.TIP#2 - If by chance your closing costs don't eat up the entire 3%, then tell your LENDER you want to BUY DOWN your rate (assuming your financing).