If its an assignment, they often use the original contract price as the "value" for their LTV calculations so you have to come out of pocket for the assignment fee.

If your agent does not want to make this offer, that may be more about whether the resulting money in his/her pocket of $1000-$1300 (not including taxes and depending on terms and commission splits) really makes a $45K offer worth their time.

More money in your pocket and far less stress.

I am not sure what to expect from Bigger Pockets, so far I've used it a little and have listened to a few podcasts.

Since you have so much lead time between now and when you want to purchase you next deal, I would spend it doing two things: Building your network, and learning your area.I would join your local REIA and go to all of the meet-ups you can to meet the players in your area and see if there is a niche that is under-served or if there are investors that you can start working with/partnering with now that doesn't cost you money out of pocket.

Hey Everyone,I am a new bigger pockets PRO member and this is my first post.

@Joshua Ferguson welcome to Bigger Pockets!

howdy bigger pockets long time Midwesterner here. just moved to Milwaukee a few months ago starting school at msoe pretty soon.

Good Luck to you, as we begin our journey to Bigger Pockets!

If you have a crappy manager, they may let tenants pay late just to collect more income, but it's unlikely.I manage over 300 rentals and six tenants were late this month for a total income of $312.50 into my pocket.