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?

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

I suggest you negotiate a deal, lock it up then flip the contract.

Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent  Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

Hi BP,I'm in negotiations with a seller on an off-market deal to purchase 2 MFH buildings on the same street.

 A few things to consider...1) It can be used as a negotiation point to lower the sales price.2) Perhaps call the local county permit office to see what it would take to get it approved?

Answers in writing a better, in case you need to go back to refer to them later.All of these seem pretty minor and I'd guess that you would have taken care of them anyway.I would use these defects to negotiate a lower price if you can, but as you're ready to close and have a binding sale contract with no "outs" left, the seller might just refuse.Good luck!

Got lucky by one violation: https://data.cityofnewyork.us/...Again, all small to non issues, use them as negotiation leverage, don't let them bother you. it's nice house, good luck!