flips - Posted by roger

Real Estate Investing
1

Posted by Roger on April 02, 2003 at 15:46:32:

House alone was appraised last year for$60.000,they didn’t accept my 1st bid,but did accept 2nd bid of $69.000 for both.This was a fsbo

2

flips - Posted by roger

Posted by roger on April 02, 2003 at 15:28:21:

Thanks everyone for the humor,let me try it again.I am a newbie,(never heard that before),I have made a verbal bid and sellers have accepted on:2 bedroom house sitting on.235 ac. and a seperate parcel next door,3 bedroom mobile sitting on .196 ac.Mom owns the home,daughter owns the mobile,what has been agreed to is:I can purchase both with a 2 yr. option with the clause that I can resell.I have contacted a R.E. attorney to do the paper work,North Carolina is a attorney closing state.This is my 1st deal and want to do it correct as possible,I do intend to sell parcels seperate.Any advise on this would help.House needs about $1500.00 in repairs mobile about $500.00.Thanks

3

Re: flips - Posted by AzBob

Posted by AzBob on April 02, 2003 at 20:09:15:

Make sure the deals are seperate. If this means two closing so be it. You do not want one contract or you will be locked into selling the properties together. If they balk at this give them a cross default.
Bob

4

Re: flips - Posted by IB (NJ)

Posted by IB (NJ) on April 02, 2003 at 15:36:01:

According to negotiating expert Roger Dawson, if the sellers accepted your first deal, you’re paying too much.