Updated over 7 years ago on . Most recent reply
Holding to your bottom line?!
I am in the process of negotiating the purchase of a property that has the potential of being flipped or BRRRR and the seller and I are $5000.00 apart from agreeing to the deal. I have run calculations and I could do allot with the $5000 as part of the rehab budget and since I have an investment money cost I have to worry about, it is close to a $6000 difference.
I guess the question is, should I hold firm to the budget numbers and risk not getting the property or is it better to grab it and find other ways to save the difference?