Overview
1
Setting Your Goals
2
Networking in Real Estate
3
Financing Your Buy-and-Hold Investments
4
Finding Investor-Friendly Realtors
5
Picking Your Real Estate Market
6
Finding Great Investment Properties
7
Analyzing Rental Properties
8
Inspecting the Property
9
Making An Offer
10
Negotiating Purchase Price
11
Performing Due Diligence
12
Estimating Rehab Costs
13
Executing Your Rehab
14
Finding a Property Manager
15
Managing Rental Properties
16
Refinancing Investment Properties
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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.

Resources in this step:

Education Forums Books

Education

Learn the basics

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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.

Forums

Consult the community

step 10 negotiating
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Books

Dive deeper

Step 9 Making An Offer Step 11 Performing Due Diligence