I am in South Carolina also and have extensive experience dealing with purchasing and selling properties with title issues.

Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?

They don't account for that in their analyst for a deal.

I thought I'd share a few deals from time to time of what I'm underwriting to help anyone out who's learning how to underwrite and comp deals.

Obviously there's a lot I don't know about your deal, but using napkin math and your figures, Id go for it - I think $1600-1800/month is realistic depending on the area at that valuation (just guesstimating the neighborhood quality based on ARV).

Sometimes buyers don't realize all the houses a buyer agent had to preview (in previous deals, and just agent walkthroughs) to get the neighborhood vibe and trend...numbers and data don't tell the whole truth.I hope that after a year or two of the new rules enough buyers (who got burned) will see that having someone experienced represent and protect their interests is a darned great idea. 

However, I did not take the necessary steps as I was hesitant due to lack of funding and having potential buyers for deals.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Know how to analyze deals on your own, have a mentor, but make sure you know how to calculate all the numbers on your own2.