@Patrick M. yea I agree, the firm I went with exclusively handles these appeals and stated they have relationships with the involved parties.

I market almost exclusively on FB marketplace and have had great results.

I would propose a better way of evaluating real estate and that is to take the difference between the CAP rate and prevailing interest rate and use that to evaluate whether something is a deal or not.D = CAP - %APRThis would allow you to calculate the spread which is directly related to your debt assisted profitability (like a cash on cash return).You can vary what “D” you will accept based on the normal factors you would consider when thinking of the CAP rate (location, building type, number of units, financing, deferred maintenance, etc).You could also rearrange the equation to calculate the CAP to search for opportunities and how to offer for property:CAP = D + %APRIn this case, you can actually figure out the CAP by knowing the “D” you want to get for a given location, building type, etc and understanding the financing available to you and other investors for the opportunity.Any reason this is an inferior approach to CAP rate or cash on cash return?

I recently started my journey as a real estate agent and I have a closed deal under my belt along with two accepted contracts soon to be closed as well.

They can either accept one of these rates or decide to go elsewhere.

Not true.A liability insurance is a must but will not cover you against all risks.For inside liability risks, a liability insurance may cover you up to their limit, but your personal assets are at risk if your insurance is refusing to cover you (read the many, many pages of exclusions of your policy) or if the claim exceed your policy limit.For outside liability risks, if you don't have coverage from your personal liability and/or umbrella you may not be covered either.An LLC put your assets in different boxes and insulate each box from each others.

@Adam FeickCongrats on the accepted offer!

BUT when we heard the reason why they needed to sell, we accepted.

And you’re thinking I’m making 5% for accepting 2 weeks late.

., allocating the land value based upon local property tax valuation ratios might be acceptable).