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First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I...
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When a borrower is negotiating terms with a lender, he/she needs to determine the amount of points and note rate that will work best for their situation. Here is a breakdown of what it looks like when a borrower choos...
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I have a property that's a Foreclosure and the bank is wanting $60k for it. I'm looking at buying and holding the property to put a renter in it. It needs about $20k worth of work if I was going to flip it but less si...
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I need your help/inputs!I am shopping for an apartment in Harlem area around 150th and Bradhurst, and I need your opinion in where I can negotiate in terms of monthly rent and commission fee charged by an agent.Below ...
We have an accepted offer on a rental property listed as a turn-key for $540K, which was $40k more than the asking price. The seller also had 2 failed sales within the last year at $530k and $540K, respectively. The i...
Why would the price have not been negotiated up $2.00 to $754,500 or down $98.00 to $754,400, a round number? Do you know how much chaos and extra time and effort throughout the loan process correcting the sales pri...
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I recently bought a property to live in and went through negotiations, escrow, and closing for the first time, I learned a lot from the process. When we offered on the house we offered the day the house was listed, 10...
Purchase negotiations have stalled, seller not budging, buyer not budging, what to do?GO FOR THE "CHATTEL!"Go for: that Beautiful 200 gal Saltwater fish tank in the foyer, as is, ALL fish staythat 1968 396 SS Camaro s...
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I am in the process of negotiating my first residential rental property right now.
A little info:
Asking price- $41,900
Our first offer-
$24,000(house needs $15,000 in repairs, all cosmetic, nothing structural) we...
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I'm a new investor and I'm working on my very first deal that was damaged by Hurricane Harvey. The seller is asking $750K, wants a 10 day feasibility study, and wants a 5 day close. The property is vacant and the owne...