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Updated over 1 year ago,
Best Initial offer on a Duplex
Hello BP nation!
I am a new real estate investor trying to buy a duplex to do househacking as my initial investment. I saw this duplex in a good location that has been in the market for about 90 days with price reduction from 475k in June to 350K recently. One side of the unit is in good condition with a tenant and the other side needs complete rehab. At 350K knowing that they recently had a reduction of 80k, how much should my initial offer be? Any help would be appreciated!! Thank you!!