Then they gradually lower the price.

Know the market is it a 10% cap rate market or a 7% cap rate market or lower?

It will probably depend the level of the seller's motivation that might have an effect on the price you get. 

Raquel Singer I noticed that about the lower end areas of Miami.Prices have gone insane ,even from just 2015 it looks like prices are 3x what they were .

@Quinton Childs As I said earlier, of course you can't say definitely he'll take your offer or level of motivation until you meet with him, but if the repairs are extensive you need to make your offer accordingly.

That being said as an engineer I can also tell you your AC can only cool so much, due to thermodynamics lol.So keep the AC unit and tell your tenants that if it’s hundred plus outside it’s not gonna get much lower than probably 72.

@Tavares Lumpkin HELOC would be good option for down payment because of lower  or no closing cost but interest rate will be higher so make sure you have plan how soon you can pay off.

I told them that they should lower the price of the home, but they refused.

Long story short, I'm drawn to a few of the MSAs in North Carolina for a number of reasons: population growth, job growth, climate, taxes, lower acquisition costs, and I'm a Jersey boy so I like the East Coast. 

Hi all,we are Gianluca and Matteo, both Software Engineers working for major Silicon Valley software companies and aspiring real estate entrepreneurs.We’re currently working on a corporate housing platform with the objective of creating an automated service for renting out and managing corporate-level properties.