Another Newb...1st post

General Real Estate Investing
1

Greetings all.

I’ve been trying to read on here as much as I can. I’ve learned a lot of great things thus far. So I decided to take the plunge and sign up and post.

Like I said, I’m a newb. I’m hoping to get a mentor to help me out, but he’s on the other side of the country and super busy right now. I’m wanting to get into the rental aspect and build a collection.

My question is, if you find a deal (turn-key and under value), is it still a deal if the seller is obviously flipping it? Would you try and negotiate lower? Or possibly negotiate closing costs/allowance? (This one in particular is vacant, but was bought less than a month ago)

Thanks

J

2

If it’s a deal, it’s a deal. Regardless of how long the seller has owened it.

Watch out for seasoning issues though. The seasoning could give you reason to negotiate as well… ex: “Due to lack of title seasoning, I am not able to use my prefered lender, and instead I will have to use another lender wich gives me higher interest rates.”

BTW welcome to the forum.