All Forum Posts by: N/A N/A

Thanks for your input! :D

Yes, Flipper, we're in Cali.

The duplex is in a college town. Rents therefore are also astronomical. The seller is asking around 1.4M and rents are $8800/mo.

We're making the offer today.

Thank you for your comments, Mike.

We've done the analysis, and for our area this property looks solid.

Your figure does not apply to our area. It is an area of very inflated prices, one of the highest in the country.

I thought there was perhaps a ballpark strategy that you wise folks use in making an offer.

Thanks again for your help.

We're newbies...go easy! :D

We're about to buy our first investment property, a duplex with excellent income. It has been on the market for 200+ days.

We're making an offer soon. Is there a rule-of-thumb for the initial offering price?

The seller is selling off some of his numerous properties in the area, so we're not sure how motivated he is.

Thanks for any input.