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Updated about 10 years ago on . Most recent reply

Justin Braithwaite's profile image
Justin Braithwaite's profile image
Justin Braithwaite
  • Real Estate Broker
  • from NYC Metro Area
  • Member since Jun 13, 2015
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Justin Braithwaite's profile image
Justin Braithwaite's profile image
Justin Braithwaite
  • Real Estate Broker
  • from NYC Metro Area
  • Member since Jun 13, 2015
Connect
Justin Braithwaite
  • Real Estate Broker
  • NYC Metro Area
1
Votes |
7
Posts
Real Estate Deal Analysis & Advice

Short Sale Discount Due to Non-Paying Tenants

Justin Braithwaite
  • Real Estate Broker
  • NYC Metro Area
Posted

I am currently looking at a 4 family short sale opportunity in the Bronx, NY. The zillow value is 450K and it is bank approved for 395K. I want to justify a lower offer price to the bank. There are currently 2 non-paying tenants that are being evicted. What is the rule of thumb for a discount due to each eviction in process?

Thanks a lot

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