All Forum Posts by: Joe Adam
Joe Adam has started 1 posts and replied 2 times.
Post: Help on what to make as first offer on triplex?
Joe AdamPosted
- Posts 2
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218k would be my maximum if raising total rents by $200.
Post: Help on what to make as first offer on triplex?
Joe AdamPosted
- Posts 2
- Votes 0
- 3/19
- 150k sold
- 4/25
- 239k quit claim deed (divorce/family transfer, not actually sold)
- 5/25
- 300k listed
- 7/25
- 290k price (decrease)
It's been almost three months on the market.
I realize some of you will recommend offering whatever satisfies the numbers. But I want it for less than that. I want it for the lowest the seller is willing to go.
What should my first offer be? This may be TMI, but it rents for about $3000. Taxes are $4.4/year. Current rents: 1295+900+850=3045. Fair Market Rents, 40th percentile without subtracting utilities: 1582+1055+1055 - 400 utilities (assumed) =3292.