Multiple Choice Offer

[Paul Pedro]

Hi, I'm looking at an investment property, an eight unit apartment building to be exact, that is priced at $950k. Based on my cash flow analysis off the income expense statements I've received, I'm evaluating this building at between 1.1 and 1.3 million, so there's a nice piece of equity from the start. Also, based on what I want to offer, the building will positive cash flow with a decent buffer and profit.

The building is being sold through an agent. I dont have a problem with this but I can't use his form to send in the offer I want to make, unless I add it as an amendment, which shouldn't really be that much of a problem. I want to give the seller these options:

A. 950k (full price) with seller financing at 5.5% 30 year note
B. 890k with 690k cash at closing and seller carry 200k 5.5% 30 year
C. 840k cash at closing

Whether the seller will accept or not doesnt matter, I want to make this offer, but I've never seen an example of how this is done. Anyone who has any experience in this, I would greatly appreciate any help or advice. Thanks