Updated almost 19 years ago on . Most recent reply
Making offers
My wife and I want to make an offer on a 32 unit apartment complex. The price is 2.8 mil. I've run the numbers over and over again and the most we would want to offer and still cash flow is 2.3 mil. The owner is going to take back 20% for 2 years. Would it be crazy or insulting to offer 1.9 on the property and do the dealing from there?