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Sarah Sheaffer
  • Rental Property Investor
  • Tampa Bay Area, FL
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How low can I go on an offer for multi-family?

Sarah Sheaffer
  • Rental Property Investor
  • Tampa Bay Area, FL
Posted Jun 19 2019, 06:30

I’ve been looking for multi-family properties in the Tampa Bay Area and every property I analyze cash flows under 6%. I’m at a point where I want to start making offers at what I think is reasonable (closer to 9% cash flow), but in some cases that’s 15% under asking.

Specially, one example is a triplex in great shape and a good area for an asking price of $375,000 and it would only make sense if we could get it for $300,000.

I don’t want to waste the time of my agent or anger the sellers by going unreasonably low. What do sellers / agents consider reasonable?

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