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Updated almost 6 years ago on . Most recent reply

Joe Ferguson's profile image
Joe Ferguson's profile image
Joe Ferguson
  • Real Estate Agent
  • from Saint Petersburg
  • Member since Aug 12, 2017
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Joe Ferguson's profile image
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Joe Ferguson
  • Real Estate Agent
  • from Saint Petersburg
  • Member since Aug 12, 2017
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Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
41
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45
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Buying & Selling Real Estate

Mentioning Seller's Original Purchase Price.. Bad Form?

Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
Posted

Hey BP,

I am negotiating on a 4-plex where the seller is asking 319K and I need to get it to at least 280-290K to start making sense. 

I was amazed to find out that he paid 64K for it in 2013. Factoring in 6 years worth of cash flow, this guy is making an easy 500-600% on his 64K. I am aware that this is irrelevant but makes me feel better about being more aggressive. 

Is it considered offensive to mention anything regarding a seller's purchase price or profits in a negotiation?

Thanks in advance.

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Matthew Paul
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  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul
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  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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It doesnt matter what they paid for it .  

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