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Updated almost 18 years ago on . Most recent reply

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James Otto
  • Member since Feb 12, 2008
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18
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James Otto's profile image
James Otto's profile image
James Otto
  • Member since Feb 12, 2008
Connect
James Otto
1
Votes |
18
Posts
Starting Out

Making offers

James Otto
Posted

My wife and I want to make an offer on a 32 unit apartment complex. The price is 2.8 mil. I've run the numbers over and over again and the most we would want to offer and still cash flow is 2.3 mil. The owner is going to take back 20% for 2 years. Would it be crazy or insulting to offer 1.9 on the property and do the dealing from there?

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