Purchase price: $415,000 Cash invested: $103,750 3 family with 3 bedrooms each How did you find this deal and how did you negotiate it?

Louis)How did you find this deal and how did you negotiate it?

How did you find this deal and how did you negotiate it?

How did you find this deal and how did you negotiate it?

I found the property and assembled the team, and I will be the managing member of the LLC - and I have negotiated a % of the deal in return. 

You hold a 2nd and are trying to help the borrower negotiate a short on the 1st so he can short sell.For those who've dealt with this scenario can you give some idea of a percent success rate getting the 1sts to accept debt forgiveness?

I will appreciate any guidance on if this is reasonable or I need to negotiate or walk.

You need to know that before negotiating price.

It doesn't have to be that much to start with, anything can be negotiated, but you need knowledge and/or sweat equity if you want to avoid being limited to a wholesaler or bird dog on a deal you find.

Perhaps this is where you can negotiate the price with the seller?