All Forum Posts by: Brian Midden

When presenting your offer I would mention everything you have said above. Let them know that if you paid their asking price, you would loose $6.00 a month. Then present the offer and explain why. 

If the property has been on the market for 6 months then it seems that it is priced to high.

But even with the offer you are wanting, your numbers seem to be VERY thin. The moment you need a major repair would put in the hole for a while. 

Is the $150 a month total cash flow for all 3 or $150 per unit. Either way that is a pretty low ROI if you got the property for $128,000.

$150 cash follow= CAP rate of 1.4%

$450 cash follow- CAP Rate of 4.2%

The ROI you are wanting to receive is completely up to you. Just determine if a profit of $1800 or $5400 (depending on the cash flow) is worth it.

I am needing some help on filling out a purchase and sale agreement when you are a licensed agent purchasing from FSBO

Does anyone know if you have to pay brokerage fees when you are a licensed agent purchasing a property for yourself from a FSBO?

I am wholesaling properties and will be purchasing them off- market. I spoke with my broker and they are stating that I can waive the commission but will still have to pay a brokerage fee. I find this unusual, I have spoke with many licensed investors and they state that they do not pay any brokerage fee if they are purchasing a property themselves. 

Any input or advice on filling out a purchase and sale agreement would be appreciated. Please only comment if you are a licensed investor with experienced purchasing properties for yourself.