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Updated over 3 years ago,
Offer Rejected B/C Seller Doesn't Account for Cap Ex, repairs, et
My offer was rejected partly because the seller does not account for cap ex, repairs, vacancy and management.
The homes show that actually but I can't think of a polite way to say that.
Without accounting for them the cash flow looks higher, if you do account for them it loses money at the price they want.
I gave them the deal analysis from BP to make my case.Any thoughts on how to work with this?
The door is not shut on making another offer but the houses are going to have issues because they have not been maintained and they have been vacant for over a year.
Thanks!