Justin Youngblood
Unpermitted Addition Thoughts?
10 May 2021 | 2 replies
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?
Chris Huang
Buying property with HPD Violations
11 May 2021 | 2 replies
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!
Chris Huang
Buying property with HPD Violations
10 May 2021 | 9 replies
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!
Clifton Monte
Crafting our first offer on a home in Hawaii!
24 May 2021 | 10 replies
This can mean you'd lose your deposit if not approved for the loan.A buyer's agent in a competitive seller's market will oftentimes recommend:- making a 'best and final' offer since there may not be an opportunity to negotiate with a seller who has multiple offers.
Matt B.
What do you think of this deal?
12 May 2021 | 3 replies
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?
Gil Happy
Questions About Financing All Cash Offer On Single Family Home
23 May 2021 | 9 replies
They may do it to negotiate a better deal because a cash offer isn't subject to the buyer getting a loan, the house/property qualifying for the loan, or the house appraising for the necessary amount.
Ryan Jones
Weird Seller Financing Question
11 May 2021 | 1 reply
When it comes to seller financing for real estate the perks I have gathered from reading and watching all of the podcasts and YouTube videos I can are:-No hit to personal or business credit-Potentially better negotiable interest and payments-Obvious acquisition of the property with name on title-Potential for good deal if sitting on the market (not a lot of that going on now, but definitely still out there to be found).Here's where I may lose a lot of people.
Joseph Scheidt
Round Lake Beach, IL 6 Unit Multifamily Reposition
12 May 2021 | 3 replies
How did you find this deal and how did you negotiate it?
Diego Omar Jaime
Tiny/Small Home in Houston
12 May 2021 | 4 replies
How did you find this deal and how did you negotiate it?
Gordon Way
Property Management - Is a sale considered a termination?
12 May 2021 | 3 replies
I did read the contract and we actually just negotiated a new MA with different terms.