Gregory Calabrese
Appraisal came in low
In contract for Quadplex at $250k. Buy and Hold. Net $1100 monthly. Asked Seller to lower price to appraisal of $244k...Waiting for answer? Should I walk if counteroffer is not met? Any thoughts?
Julie Engelien
1st Offer Ever: What I've Learned
Yesterday we made our FIRST OFFER EVER on what could have been our first home-- a duplex in an up and coming neighborhood of our favorite city, full of major house hacking opportunity. From crunching our numbers with ...
Dessiree Jimenez
Will a bank approve HELOC to purchase investment property?!
Hello everyone. I'm very new at REI. In fact, I have not purchased my first investment property because I dont have the funds. I do have about $150k equity in my primary home. I applied for a HELOC through a major b...
Alex Hochberger
Making our first offer - what is the current protocol
I bought my house in the pre-crash boom. Back then, there was a push to put in full price offers, but we put in a lowball on a house that had sat (and needed a rehab).The market we're looking in appears to have soften...
David Marks
Contingencies attached to an "offensive" offer
Hi All,In the podcast, David and Rob have been talking quite a bit about writing "offensively" low offers, with the goal of getting a counter offer in return. Has anyone had any success stories with this recently? Wha...
Donald Douglas
weird experience on REO purchase-need advice
Early this month, I made an offer to a house that is bank-owned. They countered asking to close on March 3 with penalty if delayed. Up to now, both listing and my agent never heard of anything from the lender. We h...
Account Closed
I need help with a low hud offer
So this is a flip that we will live in for a year or two (likely 2). It in an area we like and is close to our rental property. It has been on the market for a little over a month and seems to be priced poorly. It ...
Adam Smith
Negotiation Help
Hey everybody, been reading the forums for a long time and decided to start posting. I know I need to work on my profile but wanted to get my question out here first.
I'm currently trying to buy a vacant lot to build...
Account Closed
"Shy" seller (no response to offer)
Hi there.New, aspiring investor here. Just getting started. I'm working with some family money, trying to find a place in Los Angeles, but I work in China (grew up in LA, family still all there).As an investment, we a...
Kurt Robert
2nd counter offer the owner now wants an As-is purchase. Help!
I am in the process of buying my third rental property, but during the negotiations we ran into a snag. The seller, on the second counter offer, now wants to sell as-is as he doesn't want to fix anything. They have ...