in other words, when you sell the house, thats when you negotiate a discount on the payoff?

I'm thinking a steep discount is in order & I fully intend to give him a hard time if I see him at the next TREIA meeting!

On the phone she kept saying she wanted a "fair price", and my response was that it would be a fair price for both of us, but yes, I am expecting a discount because the house needs repairs.I know homeowners are delusional sometimes, but I believe it is my job to help them understand the real value of their home.

Does anyone know of software that will allow me (who has no artist or architectural skills) to draft a simple floor plan of a house I'm rehabbing?

What kind of discount are you looking for?

I offered it to the single gentlemen, with an appropiate move in day and move in discount for the last of may.

I wouldn't worry much about the discount, I've bought and sold plenty of houses from other investors where there was real meat left on the bone.I'm almost all flips now and if I had one like this I'd prob pass it on before throwing good people out of a house they love just to make a few bucks.

Just because you don't think you would ever sell a property you paid $200K for at a deep discount, don't project those thoughts onto other people.

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If the above is based on what I like to refer to as the "Costco Idea", where you believe you received a substantial discount by buying in bulk, you are greatly mistaken.