Does seller want to sell?
Trying to house hack our first property. We put an offer in on a 4 unit property that is FSBO. Seller countered at $5k less than asking price (asking price is 430k). We countered with 425 with 3% back and he was unwilling to budge. His property is poorly advertised with an ad on craigslist that doesn't even pop up if searching for multifamily. I cannot find it anywhere else. I am wondering if he actually wants to sell it. I don't think he's had any other offers and think our offer was pretty good. What gives and what would you do? The cash flow is negatives for the first two years if we were to pay all of the closing costs out of pocket. Is anyone willing to look over my numbers? I am a little confused on a few things. I have been using the bp calculator. It's in an up and coming neighborhood and I really think the time to buy is now.