First Four Plex Offer

[Rico O.]

Hi every one,

I have the opportunity to make an offer on a bankruptcy case. There are multiple offers on it at this time so my question is, what should I offer if the asking price is 300k and the property is not in bad shape. There is already 3 cash offers as of now. Do you think the cash offers are the asking price or lower? Should I go for the asking price or how much higher?

Any advice will be appreciated.

Thank you

Rico

[Robert Nason]

The best advice I can offer is never mind what other people are offering, but focus on what you feel the value is to you and whether you can make a profit on the investment.