Sean Dougherty
Inacurate BPO and negotiation with hedge fund
Hi all.I've had this deal under contract since Dec 8th 2020. Lender had BPO done February and came in astronomically high. BPO is 480k on a home that is not worth more than 300k. The realtor who did the BPO is not eve...
Cory Lucas
Home inspection, negotiate further or back out?
Offered accepted on what will be a BRRRR deal for me, just had home inspection done today and it’s a little worse than I expected.Any tips on going back to the negotiating table? There are some structural issues, a fe...
Dan Cho
How to negotiate lease with large corporation?
So recently bought a building with 2 tenants inside with leases ending toward December. One is just a mom and pop store so I know I can just walk over to them and talk with the owner. However the other is a large rent...
Tyler Standish
Negotiating Closing Costs - Credit Report Fee $50
Hi, I am just wondering if anyone has ever had luck reducing or eliminating some of the closing costs. I am going through a credit union for a conventional 15 year mortgage on a flip house. There is a $50 credit rep...
Will Gaston
Negotiating down a 30k Pre-Payment Penalty?
All:Has anybody had any luck negotiating down a pre-payment penalty? I currently have a seven figure note with a local bank and am currently required to pay a 3% pre-payment penalty if I refinance it with another bank...
Greg Scully
Lis Pendens revealed in PSA negotiation...options?
We're negotiating a PSA on a multifamily property in Tennessee. The seller has disclosed a pending lawsuit against the Trust that owns the property stemming from a fall that resulted in injury. Potential lenders hav...
Matt Hurley
Negotiating a Partnership: What terms to set?
I am beginning a partnership with a friend. We're business partners in a separate venture and I know and trust him (we will definitely still sign an operating agreement for Real Estate though). He's motivated to join ...
Nate Vil
The best strategy for negotiating a deal
Hi BP family, I have a quick question for all experienced investors (or anybody who's been in this situation).I'm curious what's the best strategy you've found for negotiating a deal? Do you always aim for a win-win s...
Minh Nguyen
Tell Me About Your First Negotiation Experience!
In light of the recent BiggerPockets Podcast episodes, 321: How to Negotiate Real Estate—Expert Deal-Making Tactics with J and Carol Scott and Mark Ferguson and 321.5, I wanna ask the BP Community to share their "firs...
Bradley A.
Negotiation: Code-violating seller won't remove tenants
Hi all,Working on a deal and need advice. 1st offer in.Property listed at $665K, offered $500K cash with the contingency that tenants must be removed by closing. Tenants are on month-to-month leases and in our area, y...