All Forum Posts by: Jesse Rivera

Let the buyer call it out during inspection.

I’ve listed hundreds of properties, as an agent and investor, and have learned a lot about buyer psychology. Buyers aren’t going to be happy unless they can ask for a big repair. Sounds funny, but I’ve come to believe it’s true. You would thing that they would want a clean inspection, but that’s not how we’re wired. Buyers are happiest when they get to negotiate and win. So give them a win. Especially if you were going to do the repair anyway, it will give you leverage to decline other things that you don’t want to repair.

If it were me, I would not replace it now. I would let the inspector call it out, and the buyer to ask for it to be replaced. I would first offer a home warranty, then negotiate some more and then replace. 

Some don’t like this strategy, and that’s ok. We all have are own way of doing things. Some would thing I’m being disingenuous, but I disagree. I am creating a happy buyer that will move forward to close, instead of one that has a gnawing feeling that they didn’t get a good deal. It’s just an idiosyncrasy that we need to realize we all have, and use to create a win-win.

We invest in Pittsburgh as well, out of state investors (located in Portland OR). Here is the honest truth: you need a partner on the ground. Someone that has a vested interest in your success. If you are just buying a few, than a real estate agent might be a good choice. But if you are buying in volume, you need a partner. We learned that the hard way.

You should chat with my business partner, @Michael Wardwell, he is great at diving in, determining your goals, and creating a game plan for you. I cannot stress enough how important a conversation like this is.

We just helped a client get 2k monthly cash flow, 10 units in Pittsburgh. He only had 150k.

And when you are ready to read how deals are structured, google "real estate ppm filetype:pdf". You will see there are a thousand ways to structure your deal.  

@Gust Passias Elise Bickle for PM. 

Email me info please! [email protected].

Price, neighborhood, ARV, potential rent, estimate rehab. Thanks!

@Mike Nuss stop being so shy, tell us what you really think. LOL.

Try JENNY ROMAN 3zero5 63one 517six, she does commercial. Don’t know if she goes that low, but worth a call. Tell her I sent you.

Don’t forget transfer tax, can be up to 4.5% when you buy.