Reggie Maggard
Renegotiating after the inspection
So I made a deal, sight unseen, over the phone. We negotiated price after a few calls. Here was my thinking...I can do quite a bit of research via public record and doing driveby of the property. Then I simply asked t...
Jeff Weimer
Renegotiations after an appraisal.
Currently we (buyer) are in an agreement with the seller for 247,000 with a 5,000 concession toward a new roof. The current roof is 20 years old and needs replaced soon. The inspectors did not like a lot of things wit...
Matt Inouye
Renegotiated Owner Financed Note
Hi BP Community,I was hoping to get insight into the process of renegotiating and recording a modified note that an owner had carried for one of my properties.The old note was for 4.5% for 5 years and the new note is ...
Preston Roth
Re-negotiating Sales Price
Hello Bigger Pockets family! I have a question. I'm currently in contract on a 36 unit complex and currently going through my investigative process. During my investigative work I have found that the insurance for the...
Chris M.
Renegotiating after home inspection
I am under contract for a small 750sq ft condo. The only issue was that the AC was about 10 years old, and the temperature differential was 15 degrees. I guess this isn't the worst thing in the world, but the inspec...
Dee Culverson
Re-Negotiation? on property offer
Looking at a property with 3 rentals. Store front, 2 apartments. Rentals pay mortgage and provide some income.Had an inspection done and negotiated what I thought was a good deal, 300k (about 10k renovations needed) b...
Rachel Aalmers
Renewal Option Turned Into Renegotiation
Here’s the situation - my fiancé inherited a very nice house from fairly wealthy parents. He’s rented it out. It’s a 5-figure per month rental in a very exclusive gated community. I help out with the “landlording” as ...
Dominick A.
Newbie advice: Should I renegotiate
Hello, I am a newbie investor and I just negotiated my first deal. The listing for the house states that it comes with washer and dryer but the seller’s changed their minds after the original agreement was signed to n...
Shawn Connors
Advice with renegotiating a price
Hey BP,
So I have a house under contract. Originally the seller said she would not go any lower than 75k. I talked her down to 42k. My situation is this- the price is a little too high for the area and I can't fin...
David Levin
Renegotiating after unfavorable multifamily inspection.
Hi all-I am under contract on a 13 unit and estimated repairs after inspection are $150K-$200K. There are minor details here I am not overly concerned with. Contracted much lower than ask but that was based on analyzi...