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Updated about 5 years ago on . Most recent reply

Patrick Nickerson's profile image
Patrick Nickerson's profile image
Patrick Nickerson
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  • from Greensboro, NC
  • Member since Dec 4, 2019
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Patrick Nickerson's profile image
Patrick Nickerson's profile image
Patrick Nickerson
  • Investor
  • from Greensboro, NC
  • Member since Dec 4, 2019
  • Posts 33
  • Votes 10
  • Experience 13 Yrs
  • Investments 7
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Patrick Nickerson
  • Investor
  • Greensboro, NC
10
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33
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Buying & Selling Real Estate

Buying someone out of contract

Patrick Nickerson
  • Investor
  • Greensboro, NC
Posted

I have a property that a broker contacted me to submit an offer on as a back up offer. However I’d like to try and buy the other buyer out of the contract. Anyone have experience doing this on large multi family?


Asking price of $8,915,000. How much would be appropriate to offer on such a deal?



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Aaron K.'s profile image
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Aaron K.
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  • from Riverside, CA
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Aaron K.'s profile image
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Aaron K.
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Aaron K.
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

@Patrick Nickerson I have no idea what kind of offer the other investor would accept, but it probably would have to be substantial enough for them to think they could make more by taking your money and going elsewhere.

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