My first deal is finally on the way after a week of work after reading Deans book. I have the owner of a property loooking over the purchase and sale aggrement and I believe tommorow he will hand it back to me with his signature and I will have the property under contract offically. The property has a FMV-$270k, the owner was asking $240k I offered $195k and he accepted. Can someone let me know if this is a good deal. The property does have about $60k plus equity.
My first deal is finally on the way after a week of work after reading Deans book. I have the owner of a property loooking over the purchase and sale aggrement and I believe tommorow he will hand it back to me with his signature and I will have the property under contract offically. The property has a FMV-$270k, the owner was asking $240k I offered $195k and he accepted. Can someone let me know if this is a good deal. The property does have about $60k plus equity.