[beanmaestro]

Ultimately, the problem is that the house hasn’t fallen the 25% until the agents and buyer accept that it has. They might consider 5-10% under ask, but until they’re lowering the price every week, 25% is a bridge too far. Especially since a homedebtor often doesn’t have that much equity to give (and if so, leverage causes your 25% discount to be a 75% equity cut to them)

I’d be inclined to bypass the realtors when they’re getting in the way… just make your own offers, and consider putting the owner’s name on the address line 🙂

[beanmaestro]

Ultimately, the problem is that the house hasn’t fallen the 25% until the agents and buyer accept that it has. They might consider 5-10% under ask, but until they’re lowering the price every week, 25% is a bridge too far. Especially since a homedebtor often doesn’t have that much equity to give (and if so, leverage causes your 25% discount to be a 75% equity cut to them)

I’d be inclined to bypass the realtors when they’re getting in the way… just make your own offers, and consider putting the owner’s name on the address line 🙂

[beanmaestro]

It sounds like I should move the financing questions to another thread where I forget to mention the circumstances… I think this thread is doomed to discuss the pitfalls of partnership purchases 🙂

[beanmaestro]

It sounds like I should move the financing questions to another thread where I forget to mention the circumstances… I think this thread is doomed to discuss the pitfalls of partnership purchases 🙂

[beanmaestro]

It sounds like I should move the financing questions to another thread where I forget to mention the circumstances… I think this thread is doomed to discuss the pitfalls of partnership purchases 🙂

[beanmaestro]

It sounds like I should move the financing questions to another thread where I forget to mention the circumstances… I think this thread is doomed to discuss the pitfalls of partnership purchases 🙂

[beanmaestro]

It sounds like I should move the financing questions to another thread where I forget to mention the circumstances… I think this thread is doomed to discuss the pitfalls of partnership purchases 🙂

[beanmaestro]

We’d be likely to go single-owner anyway because my wife and I have the lion’s share of the down payment. We wouldn’t even consider the partnership option except the people involved would probably be me, my wife, my best friend, her best friend, and maybe our double-dating couple.

So, does anyone have any thoughts on the X,Y,Z,A,B above?

[beanmaestro]

We’d be likely to go single-owner anyway because my wife and I have the lion’s share of the down payment. We wouldn’t even consider the partnership option except the people involved would probably be me, my wife, my best friend, her best friend, and maybe our double-dating couple.

So, does anyone have any thoughts on the X,Y,Z,A,B above?

[beanmaestro]

We’d be likely to go single-owner anyway because my wife and I have the lion’s share of the down payment. We wouldn’t even consider the partnership option except the people involved would probably be me, my wife, my best friend, her best friend, and maybe our double-dating couple.

So, does anyone have any thoughts on the X,Y,Z,A,B above?

[beanmaestro]

We’d be likely to go single-owner anyway because my wife and I have the lion’s share of the down payment. We wouldn’t even consider the partnership option except the people involved would probably be me, my wife, my best friend, her best friend, and maybe our double-dating couple.

So, does anyone have any thoughts on the X,Y,Z,A,B above?

[beanmaestro]

We’d be likely to go single-owner anyway because my wife and I have the lion’s share of the down payment. We wouldn’t even consider the partnership option except the people involved would probably be me, my wife, my best friend, her best friend, and maybe our double-dating couple.

So, does anyone have any thoughts on the X,Y,Z,A,B above?

[beanmaestro]

I’d certainly prefer to buy the place outright, and rent the units directly to our friends, but I’m curious how both options work. Let me know if the “common sense” is correct:

Single Owner: My wife and I would probably need to have X% down, plus 6+ months savings, and income about Y times greater than (annual PMI – Z% of annual rent for units we won’t live in). What are X, Y, and Z likely to be?

Partnership: Together, we have to put A% down with 6+ months savings, and prove income B times greater than PMI. What are A and B? And obviously, we have to be crazy enough to set up such a partnership.

[beanmaestro]

I’d certainly prefer to buy the place outright, and rent the units directly to our friends, but I’m curious how both options work. Let me know if the “common sense” is correct:

Single Owner: My wife and I would probably need to have X% down, plus 6+ months savings, and income about Y times greater than (annual PMI – Z% of annual rent for units we won’t live in). What are X, Y, and Z likely to be?

Partnership: Together, we have to put A% down with 6+ months savings, and prove income B times greater than PMI. What are A and B? And obviously, we have to be crazy enough to set up such a partnership.

[beanmaestro]

I’d certainly prefer to buy the place outright, and rent the units directly to our friends, but I’m curious how both options work. Let me know if the “common sense” is correct:

Single Owner: My wife and I would probably need to have X% down, plus 6+ months savings, and income about Y times greater than (annual PMI – Z% of annual rent for units we won’t live in). What are X, Y, and Z likely to be?

Partnership: Together, we have to put A% down with 6+ months savings, and prove income B times greater than PMI. What are A and B? And obviously, we have to be crazy enough to set up such a partnership.

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