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Updated over 6 years ago on . Most recent reply

Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect

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603
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Adam Craig's profile image
Adam Craig's profile image
Adam Craig
  • Investor
  • from Cleveland, OH
  • Member since Aug 16, 2011
Connect
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts
Multi-Family and Apartment Investing

Asking for repair credit on apartment - how much is allowed?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I am looking to buy an 8-plex priced at 325K.

I understand there is a strategy of asking for repair credit in order to lesson the amount I will need at closing. So in theory - I can offer 350K with a 25K repair credit - can I go for even more? I assume the issue I might run into is the appraisal but does the appraiser see the contract or will they just see purchase price of 350.

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