Wanted to try a new strategy in a different part of town How did you find this deal and how did you negotiate it?

Hi Jonathan,No shame plug here 😁We have been operating a turnkey company with in-house property management in Toledo (45min from Detroit) since 2014.Here is a thread about us so you can see the good, bad and the ugly over the last 10 years - https://www.biggerpockets.com/forums/92/topics/185261-ohio-c...With that said, I love Detroit and have always seen a tonne of potential in the market.Wishing you much success 🙏👍

Even if you love the deal as presented it's wroth negotiating.

Basically encourage them to want to negotiate and pay something.

Using the Gross Rent Multiplier appraisal method, the property was appraised at $400,000, and I successfully sold it just below this price within a few weeks of the appraisal.

Your enthusiasm for continuous learning is the perfect foundation for success in this field.

If buyer activity accelerates in the Spring, there will be less room for buyer(s) to negotiate, albeit at lower rates of interest.

Would prefer group with multiple successful exists and have there own construction and property management teams.

I've done seller-financed deals in Denver before and can speak to that, but unless you can negotiate a lower down payment and better terms than conventional (can be difficult to impossible), you may be better off using conventional financing in this case.

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