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...
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...
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...
hi all, I'm looking to read up on a couple good books on negotiation. Does anyone have a recommendation?Thanks!
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...
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...
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...
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...
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...
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...