First B&H Property Negotiation

[Tyson Hosey]

I'm brand new to Real Estate investing, I have a property currently being rented that was my primary residence. Now I've found a property that would be the first one that I've bought specifically for a Buy and Hold investment. I know the area, not the specific property, but I feel like it could be had for less. It's currently rented by a tenant at a good price. It's my first deal so I don't want to be stingy, but at the same time a deal is a deal... What do I do? (38,000 original offer, I feel like 25-30 would be more appropriate)

[John Walker]

Is the property listed on the MLS? I would have your agent pull comps of other similar properties and see what the market value of similar properties would be and base my offer from that. That's the first thing that comes to mind when it comes to negotiating, especially if you feel it's priced higher. Good luck with it!