Path to Purchase Step 10

Negotiating Purchase Price

Almost all home buying experiences will involve some kind of negotiation. The main difference between negotiating a residential property and an investment property is the lack of emotion. When you’re buying an investment property, whether for flipping or as a rental property, you have defined profit margins you need to hit for the deal to be worth it.

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Education

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A One Million Dollar Mistake: Negotiating Deals

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Don’t Negotiate Until You Know the Home’s Condition

The importance of defining these profit margins and metrics cannot be overstated—it will be one of the best negotiating tools you have as an investor. With some helpful tips and techniques from the home-buying experts at BiggerPockets, you’ll be well on your way to closing a deal where you and the seller are happy with the outcome.

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