Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Mentioning Seller's Original Purchase Price.. Bad Form?
Hey BP,
I am negotiating on a 4-plex where the seller is asking 319K and I need to get it to at least 280-290K to start making sense.
I was amazed to find out that he paid 64K for it in 2013. Factoring in 6 years worth of cash flow, this guy is making an easy 500-600% on his 64K. I am aware that this is irrelevant but makes me feel better about being more aggressive.
Is it considered offensive to mention anything regarding a seller's purchase price or profits in a negotiation?
Thanks in advance.