Multi Family in Hartford - should I ???
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?