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Hi Backpagers-I am currently in the process of trying to buy a distressed SFR from the wife of the deceased owner. The property is in pretty bad shape, and will need a lot of work. There is a first mortgage for approx...
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We own 16 condos in a complex in Santa Fe, NM. We have the opportunity to buy 20 more using seller financing at 10% down with the rest amortized over 30 years at 9%. We are negotiating each of the terms. Some of the p...
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about to make my very first deal, and im full of excitement. I spoke with the realtor and this is the sellers situation. Please give advice if u can on how i should proceed.Asking price is 225.000. Seller is an old la...
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hi all, I'm looking to read up on a couple good books on negotiation. Does anyone have a recommendation?Thanks!
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I was wondering if there is some type of checklist anyone uses when they are negotiating with a distressed seller. Say you find a house through direct mail or driving for dollars and the seller is interested. Now I sh...
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I have been flipping auction and MLS-listed properties, and doing very well with that model.I recently started a direct mail campaign to attract some motivated seller leads. The very first lead came in this morning a...
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I've heard that banks have a set discount rate from the BPO (Broker Price Opinion) that they will not go below. Does anyone know which banks/lenders have the best discount rates?In case they don't budge on price, wil...
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I have been negotiating an "off the market" apartment deal for a buyer of mine in WA state for the last month and it seems we may have come to an impasse. The transaction is structured as follows:Original asking price...
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Hi All,I was wondering if anyone out there can offer advice or tips on how to get the sellers to agree to earnest money deposits of as low as $10 on wholesale deals? I've tried getting sellers to sign contracts and on...
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The house directly across the street from my personal residence is a rental. The guy that owns it owns 7 rental properties in the immediate area. They are all in good condition with renters. He's wanting to get out of...