Updated over 9 years ago on . Most recent reply
seeking advice on multi family deal. louisville ky
I am currently looking at a 4plex package deal ( 3 bldgs ) that I would like for myself as passive income. I ran it across the rental analysis calculator and I wasn't sure if it was a good deal or not and if I should ask for a lower asking price. So I thought what better way to see if what I'm looking at is a good deal or not, so if someone experienced out there could you provide me a second set of eyes. Please comment sure or check my bio for my email and ill send you the pdf with all the numbers.
Most Popular Reply
It depends on your negotiation, 2 to 3 years is most common with houses, but with apartments may be more. But again, dependes on your negotiation with the seller. It all comes down to Price and Terms. If he won't budge on Price, he will have to agree to your Terms. Use the Days on Market in your favor to negotiate.