We gave him a cash offer, but well below asking to "contrast" it with our seller financed offer.It won't always work but look for properties which have been on the market a long time without reductions - that is often a signal that the seller is stuck on a price...

Hi BP, I called the lender on this property and they offered only a $34 monthly reduction after refinancing, I wanted to BRRR this house but I don't know what I'm missingWhats an average % reduction of mortgage payment after Refinance?

The winter market has been slow and we have been on the market for over 2 months with a significant price reduction. 

All convert to long term housing with appreciable rent reduction in west coast.

Now I have $400 cashflow a month plus my principle reduction is better than at 4% investor loan.

Over the course of a year, a $100.00 reduction in the rent is $1,200.00 in rent coming in to the home, and potentially the home staying vacant for another month.

At the very least you can track price reductions and days-on-market for specific properties on (most of) the free services.  

We would have to re-duct the whole house so it is not going to happen.A bigger unit "might" solve the problem.

IMHO, you do not want to go there.If there is extensive work required to the HVAC and electrical systems, the Vendor may have had a change of mind about the sale and want the deal to expire rather than do the work.In this sort of situation, I prefer to gather my own quotes to have the work completed and negotiate a reduction in price or a hold-back to cover the work (once the work is complete any balance of funds would be released to the vendor).

Even initially, on a 20 year note the principal reduction would be an additional $1900 per year.