Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Kevin Arias
0
Votes |
1
Posts

In escrow Los Angeles home bad or good deal?

Kevin Arias
Posted

Hello I’m a first time home buyer. Here is my current deal:

749k listed price on Zillow

Offered $820,000k 30yr conventional loan at 5% down. 7.01 interest rate

NAF cash all cash loan 1.6 on top of purchase price. I would buy back from NAF LLC. Pay a per diem daily rate ($179) until close of escrow.

All in cash offer $833,120 

Inspections done: needs plumbing, roof, electrical, and foundation work. 

Decided to walk, seller countered with 50k in repairs from escrow account funds. Making their sale equity 770k. 

Loan company offered a 1-0 buy down as well because we decided to walk. 

Thoughts on this deal? 

Loading replies...