Making an offer at a price that works

Making an offer at a price that works

St. Helena, CA · Member since 2016 · 147 posts · 59 votes
I’m currently looking at a multi family with an asking price of 250k with 1850 in gross rent. I’ve got a pre-approval, but it doesn’t make sense for me unless it’s 200k or less at those rents. I would like to make an offer at this target. Do I go lower and then try and split, or should I share my position and stick to 200k?
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  • St. Helena, CA · Member since 2016 · 147 posts · 59 votes
    8y
    There is a the potential to raise gross rents to 2100, which would be a conservative estimate.
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