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Shirley R.
  • Rental Property Investor
  • Hartford, CT
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Multi Family in Hartford - should I ???

Shirley R.
  • Rental Property Investor
  • Hartford, CT
Posted Jul 11 2018, 11:00

Hi all,

I am new here and somewhat new to real estate. I am in the home stretch (fingers crossed) of closing on 2 small multi family homes in Hartford. 

I'm also waiting on a short sale approval for a third one, and that's where I feel I could use some input:

3 family home in south end of Hartford. I offered $130K a few months ago. 

Now the bank appraised it themselves and they want me to match the appraised value of $145k. 

It needs 15-20k work. Rents $800-900 per unit (3 units). Taxes $3700. Insurance $1600.

Should I up my offer to 145k?

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