All Forum Posts by: Tyrell Jones

Hey all looking for some help and any feedback is appreciated.

I’m looking at a single family for for 75k.

Market value is estimated 69/70k ( my market is hot)

Rent for the home is approx 950-1000 per month.

My realtor suggested the following as an offer. ( 5k appraisal guarantee if the house doesn’t appraise at asking , cover the sellers closing cost up to $2500) to get our offer accepted. The home was on the market for 2 days and has 12 offers. My closing cost is around 9k. All in I would be close to $17.5. Is this deal still worth it ? I think I know the answer but I wanted to see what other investors think. Thanks again!

@Colleen F. Thanks for the great advice, no I'm not looking at auctions or foreclosed. In my market if you know where to look you can find a 2/1 SFH for about 60k.

@Mike Cumbie she wasn’t that great but I did think about reaching back out to her. I may have to or go the route of contacting the listing agent.

@Russell Brazil yeah I definitely get it from a business perspective, most people buying houses aren’t investors so they’re not as focused on spending less and forcing equity.

@Michael King that’s great advice, thanks so much.

Hello all,

I’m currently in the market for my second property, my first is a duplex I paid a little too much for but it is still cash flowing (170k). This go around I am looking at cheaper homes and it is hard to find a realtor that wants to work with me because of my price point I’m assuming (50-70k). Maybe they feel the work wouldn’t be worth the commission they would receive. I’m looking for strategies or suggestions to move forward. Thanks !!!