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Multi-Family and Apartment Investing

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Chris Toedter
  • Professional
  • Clifton, NJ
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34
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Waived Appraisals good or bad idea?

Chris Toedter
  • Professional
  • Clifton, NJ
Posted Nov 14 2019, 08:22

I am looking at a property to buy this is the break down.

Original Listing Price : 700,000

New Listing Price : 650,000

Taxes : 11,500

Insurance : 2300

Rental Income $7,600

Only thing is the SELLER knows it will appraise for around 600k and he is firm on 650k is it a bad investment to pay the difference in Cash to make up the difference???

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