How to counter offer back to the seller

[Kevin Truong]

I have seller want to sale his 8 units apt and asking price are $630,000. The rent for each unit are from $600-$700 all utilities bill pay. 

Tax will be annually $7200 

Insurance will be $6000

miscellaneous expense will be $10000

How do I able to figure out what is the best counter price back?

[Justin Goodin]

To figure out the ‘best price’ to offer the seller will require you to do a fully underwriting on the deal. This includes verifying taxes, insurance, and speaking to a local bank to know your possible debt terms. 

After that, you can back into a purchase price that gives you your desired returns based on your projections.