I initially offered 90K, and they countered with 96K, which I accepted.

I initially offered 90K, and they countered with 96K, which I accepted.

I initially offered 90K, and they countered with 96K, which I accepted.

Initially planned to go into the Smokey Mountain region based off the successes recorded by the Real Estate Robinsons (even thought of reaching out to your team based on the comments in their vlogs). 

For mine, I have to have an initial appraisal done, then the bank will lend up to 80% of the equity I have in the property.

What would be the best way(s) to initiate an offer?

I think after reading some of the responses and going back into my situation, I think the issue is that I bought the house for a lot more than what it sold for initially. 

With today’s challenging market and a newbie in real estate investing, I wanted to start my search initially finding a single unit where I can rent out rooms or find a multi family however I’ve often come across good deals in good locations that are overly price.

Lower rent for initial months.

This is my first investment property.Proposed agreement:(1) Start at equity split 75% Me | 25% Mike Gives Mike an extra 5% equity from the start for his experience and the initial arrangements he made with agents and inspector(2) Stay at 75/25 split until 75% equity gives me at least the 80% initial amount I put in e.g.