Updated about 11 years ago on . Most recent reply
Made an offer and seller is claiming there are multiple offers....
We found a guy offering two turnkey properties as a package deal. He is asking 50k which honestly we could pay 50k and it is still a stupid deal. We would cashflow nearly 500.00 a month off of the two properties. He said his bottom was 47k. We offered 45k. He is now claiming that he has multiple offers and is asking if its our best. I have heard to never bid against yourself.... What would you do?
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If it is a great deal at $50k and he said his bottom was $47k, why wouldn't you at least up your offer $2k? I am not a big fan of playing games during negotiations, but unfortunately it is part of the game. Do you really want to chance giving up $500/month cash flow for a couple grand just so you don't get outplayed?