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Updated almost 5 years ago on . Most recent reply

User Stats

18
Posts
5
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Jimmie Powell
  • Rental Property Investor
  • Florence, KY
5
Votes |
18
Posts

Multifamily Fix & Rent

Jimmie Powell
  • Rental Property Investor
  • Florence, KY
Posted

Found a multifamily deal in a B class area. Each unit is 3bd 2ba.

2200 square feet

ARV $175,000

Rehab cost $50K

Rent $850

Purchase price $41,600

My problem: Multiple buyers interested in property. What can I do to stand apart or have a better chance of getting this property? 

Most Popular Reply

User Stats

332
Posts
385
Votes
Ronan Donnelly
  • Investor
  • New York City, NY
385
Votes |
332
Posts
Ronan Donnelly
  • Investor
  • New York City, NY
Replied

Congrats on finding a deal. I would try to speak to the seller to see what ways you could make yourself more attractive as a seller. They may care about price, certainty of closing, high earnest money deposit, speed of closing or something else entirely. Ask open ended questions and then listen. Good luck

  • Ronan Donnelly
  • [email protected]
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