Niyi Odumosu
How to negotiate on a rehab property
I recently had a home inspected after having my offer on it get accepted. The home is in an up and coming area in West Philly walking distance from a shopping center and near a new train station station that is curren...
Jo Kinal
Extreme anchors, how extreme is extreme?
When choosing an extreme anchor and making an offer, how extreme is extreme or is this a bad strategy for purchasing residential real estate. People can get quite ticked off. For example on a 250k house you want to...
Charles Burgess
Currently negotiating a deal
I'm currently in the due dilligence phase and discovered the current owner is paying for untilites for both tenants in a duplex. The unit has one meter for water. Since this is new information, it changes the cashflow...
Jeremy Albright
First Investment Rehab Project in TX
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $82,500
Cash invested: $18,000
1340 SQF Modular home that has been abused for many years. We are doing a complete r...
Dave Hutson
Blue Bridge Properties 1st Deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Grand Rapids.
Purchase price: $115,000
Cash invested: $45,000
2 Unit Home
Unit 1 (Downstairs): 3 Bedroom 1 Bath
Unit 2 (U...
Joe Aagaard
Reasonable closing costs?
I'm under contract for my first rental and shopping a loan. Particulars are conventional loan, 20% down, great credit. Rate offered was 4.625%The first quote was $3,300 in lender closing costs detail below.Processin...
Account Closed
Thoughts on investing in Denison Texas
Hello Everyone,I'm looking for some investment properties around Denison, Texas. Need some inputs on rental comps, and sales comps. I have got deals from new construction builders. I would need experts opinion to move...
Nazimuddin Basha
Strategies to Combat Negative Cash Flow Due to Property Tax and Insurance Increases
Hey everyone,
I’m looking for advice on an issue I’m facing with my rental properties. Recently, my property taxes and insurance costs have increased significantly, turning what was once positive cash flow into negat...
Gustavus Adolphus
Etiquette in dealing with contractors
I made a contractor very upset by not accepting his bid and am trying to figure out if I broke some important etiquette rules of dealing with contractors.The story is this: I got two estimates from painting contractor...
Tristan S.
Negotiation Strategies in Houston
Hi everybody,I had a question concerning wholesaling strategies in general. I have heard from numerous sources that putting the property under contract should be your primary objective when you get to meet the seller ...