If you're interested in pursuing sales, whether it's becoming a wholesaler or a real estate agent, you better be in it for the long run.

Or does negotiation power diminish after you get the Preapproval? 

I'm sure the failure rate is similar to real estate sales (~90%). 

Had we dug into the "3-5 years old" disclosure better we would have found that the older folks who sold the home were most likely remembering things wrong because after the sale we got up there and found it to be near the end of its lifetime.

Cities are routinely requiring inspections of all sewer lines as part of the sale of all houses. 

I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap

Purchase price: $160,000 Cash invested: $46,000 Sale price: $160,000 New property acquired in Arkansas with cash flow.

If nothing else I take responsibility for that and will work to improve our communication systems between our franchisees, client success and sales team that's valid.As I have done before I'm a big fan of transparency and this forum, and will happily talk to anyone that has concerns about how we do business.

You should have billed them back for the damage at the time the sale as any other monies owed under the lease like a late fee.

Does the land contract sale also require an RMLO to "originate" the financing?