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Updated about 10 years ago on . Most recent reply

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Brandon P.
  • Investor
  • Oakland, CA
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is 90k a reasonable offer on a 120k property?

Brandon P.
  • Investor
  • Oakland, CA
Posted

the same seller has 2 duplexes for sale, each for 120k. I want to get one for around 90k, also will he be more likely to accept my offer if i offer to buy both for 180k total?

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Replied

You can offer whatever you like. They say that you should feel a little embarrassed when making offers. However make sure you have a reason to back up your offer. Even if that reason is just with the projected cashflow that's all it makes sense for you to pay. I don't think offering to buy both at a discount is a bad approach at all. Seller may take your offer just so they don't have to deal with the hassle anymore. 

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