Norfolk 2/1 multi-family fully occupied

2 Replies

@Deneuve B., this is the property, right? Why do you think you'll be able to get it for $65k under asking? There doesn't seem to be any sign of distress. It was purchased for $135k 13 years ago. They likely still owe $77k and that assumes they put 20% down. What makes you think they'd be willing to walk with <$4k after agent fees?

Hey @Jaysen Medhurst , I don't think I would get $65k under asking. I wanted a second opinion. The numbers were not adding up to meet my metrics. I didn't want to fall in love with it and jump into a bad deal, for me.