Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Here is my deal, what would you do?
Looking at a 2/1.5 condo purchase for rental.
List price is $129.9, which I think is about $10K overpriced.
New appliances in kitchen, granite countertops, ceramic tile, new carpets - nothing needs to be done to unit but clean carpets - cats....
Expect it to rent for $1,100-$1,200 so should cash flow nicely.
Question - I'd like to try to buy the unit fully furnished - couches,washer/dryer, everything but the mattresses and box springs.
I know I can't put the furnishings in the offer price for mortgage, but would provide a separate cash offer for those.
I am thinking about structuring an offer like this:
Open at $115 for the unit unfurnished, seller to steam clean carpets plus a couple thousand cash for the furnishings. Expect a counteroffer....
If you were seller, would this interest or offend you?