Buyer
I looked at a duplex the needs about $15,000 in updates. The owner is asking $72,000.
I offered $60,000. Even at $72,000 it cash flowed. My question is should I have payed the $72,000 and but additional $15,000 in to the duplex and see if it cf at $87,000. Or did I do the right thing by lowing my offer due to the work it needed. I have notice a lot of these owner put there duplex up for sell, when they need up grade and do not what to do the work.