Updated almost 6 years ago on . Most recent reply
Multifamily with unmotivated seller
Hoping for some others insight on this discussion I had with an owner of a MF property that is open to selling. The owner owes nothing in the MF. He is open to selling but is asking at least 50k more than the 0 vacancy NOI/cap rate estimates. Currently the MF is 12% vacant with relatively low turnover.
He is open to a contract for deed, but wants a large down payment and isn’t in a hurry to sell.
Have others had a similar situation and how did you workout an agreement?
Most Popular Reply
Stop right there! Unmotivated seller = no or bad deal. If you can't get price or terms, just say 'no'. NEXT!