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I would buy as many as I could with the money available being careful to not over extend myself. There are too many pro and con reasons to list but diversification covers many answers. My experience as a real estate investor is yours if you can use it.Landlord
It all depends. I have bought and sold lots of ugly houses and always got my price. But that is because I don't listen to agents and price houses fairly. I wrote a landlord book where I talk about this subject and include my version of the golden rule. We started with nothing and now almost fifty years later still proceed like we have nothing even though our net worth is substantial. Most people, whether investors or first timers, buyers or sellers could learn from our somewhat wild experiences. I don't offer advice, I offer experience, you may learn on your own or not. LANDLORD CHRONICLES
This post got me thinking. Most of my offers have been accepted, only a few and I mean very few resulted in no sale. In about 25 purchases spanning nearly 50 years my offers have been all over the spectrum. No down payments, contracts, all cash, escalation clauses, options.
The riskiest thing has been not thoroughly inspecting the homes before closing. However, the homes that turned out having problems would not have been deal breakers more like disappointers. I think the poster by admitting desperation needs to relax and step back before making a true deal breaker mistake. Read my book where I chronicle how and what we have learned and are still doing after all these years. One persons long history investing in real estate
You need basic advice. No one cares if you are cheeky and using a percentage to determine a low ball offer is silly. Base your offer on the value to you of target property, not true value and certainly not a % of asking price. Next assume any counter offer will be a half (split difference) way point, so make your offering taking this into account. Lastly, you mention the garage, although you should not buy on emotion, I disagree, buy what you want, let the rest have the rest.Rags to better rags- Our landlord history
I agree with poster about choosing who you sell to. For years I have been telling people that are having a hard time buying a place to be creative in their offers. Telling a seller you are planning to take care of a property, raise a family, save the old trees, etc. means something to lots of us. I write in my book about all the creative ways I have purchased property where actions speak better than cash speaks.https://www.amazon.com/Landlord-Living-off-rentals-years/dp/1721221492/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=
best case he will get a lower price offered, worse case probably nothing. If a lawyer gets involved, who9 knows.
Hallways that are a little wider than minimum are not common.