All Forum Posts by: Matt M.

I personally wouldn't. If I was the listing agent, I'd be using your $480k contract to strong arm the 1st position buyer. That's harder to do if the backup is $470k. You should really lean on your agent and his/her broker with this. Hopefully he is experienced enough to know what to do.  

What's the difference between $440k and $480k... That's the number I'd be concerned with. 

It will be interesting to see how the appraisals come out this week as the Jan 1st+ contracts start to hit their appraisal deadlines. 

Remember, there is always another house. Keep hustling! 

We didn't have an engineer out, but she was uncomfortable with it. It wasn't too old, we just had concerns about how much work was needed at the price point. We didn't spend too much time there, and she ended up buying an off market quad that I got her for $100k more.  

$900 is more in line with what I was thinking. In your first post, I saw $1150. 

I'm just about 100% I saw this place a few months ago. Is he also selling the duplex next door? Hopefully your inspection went ok. We decided to pass on it due to what we saw. My client was concerned with the structure itself.  I did think there might have been a 4th unit upstairs at some point, but who knows.

I didn't see CAPEX in your numbers. Those old places can be money pits once you start going down that road. How confident are you in your rental figures. Again, assuming it's the place I'm thinking about, it would need some work to get those numbers.

Not to get into your business, but is your GF on 100% board? My wife and I did it with our first place, but it got old after a while. Just something to make sure you are thinking about in terms of a risk. 

Also, everything is getting overbid now, so make sure you have your ceiling in place and stick to it. Don't get emotional. I see it happening every weekend now. 

I'll shoot you a message. 

List it on the market to get the best price. Anyone buying off market is looking for a deal. Any seller selling off market is losing $$$.

Interested. I'll pm you.

I've been using cash offers to take down homes for my clients. Barring that, I wish you luck. That price point is BRUTAL (well most price points are) at the moment. 

What about a townhome with a small HOA? Tell them to move in a year and keep it as a rental.

4Chan found a flag Shia lebouf put in a random field in Tennessee using flight radar data and the stars. There are some weird people out there. Just saying ;)

Have you thought about townhomes? Are you SURE your wife is ok with house hacking? Mine was until we had a little one on the way.