Lee G.
Negotiating W/ NO COMPS
I have researched a duplex for weeks and finally made an offer and now the seller and I are going back and forth. It's my turn to counter offer or accept!Here's the Pros1) I love the location (good rent appeal)2) it...
Anthony Pinto
First investment property: a quadplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Portsmouth.
Purchase price: $287,000
Cash invested: $7,000
This quadplex is our first investment property. One unit we are...
Bridget Krause
My First Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Pontiac.
Purchase price: $22,000
Cash invested: $30,000
My first investment property was a duplex.
How did you f...
Sean Olsen
Purchase Offer Extension
Hello BP, I am a new agent with a broker who isn’t the biggest help. We made an offer last week. Last night the offer expired before both (husband signed but not wife) my clients were able to sign the extension. The w...
Terry Royce
Negotiating
When you present an offer to the seller and they balk, where do you go from there. What's your next step and what window do you put in your offer?
Also, how do counter offers work I have no experience in presenting o...
Scott P.
Handling seller saying "There is no lead paint"
I am looking to purchase my first multifamily, and 8-unit building built in 1920. This is in Massachusetts.I asked about lead paint, and the response was that the unit was rehabbed in the 1980s and the seller thinks h...
Jairo Rincon
1st offer rejected. Inputs????
Hey BP my wife and I made our 1st offer on a small MFP. The seller was asking for 200K with no upgrades, but after doing our due diligence and reviewing our CMA report the property was listed above market value. We of...
Luis Montanez
How to get below 10% of listing price during the HUD Owner-Occupied period?
My current plan is to purchase a HUD Owner Occupied property in the $150 to 200k range. I plan to sell my current home (with about $30k in equity) to pay down the mortgage and thus increase my monthly cash flow an...
Vernon Henry
Want to cancel acceptance of offer
I am a seller who last night faxed my acceptance of an offer which involved my carrying the loan for 3 years. I've had second thoughts and now want to back out.Can I still do so without any penalty(like the broker wan...
John M.
Experience Making An Offer!
Was wondering if anyone had some informative, or even humorous, stories when it comes to making an initial offer or sales negotiations of a house?I am looking to place an offer of $200K on a multifamily house listed a...