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Updated about 10 years ago,

User Stats

319
Posts
103
Votes
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts

Bring an Offer!...How low do you go?

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted

Good morning everyone! So there are two duplex’s I have been looking at. Both are currently for sale for 105k, down from 135k starting price. Owner says “Bring an offer.” How do you decide how low of an offer to make? At 105k, I feel like it’s not a bad deal already. They each are fully rented and bring in around $1300.00 per property. This would be our first 1 or 2 deals, and I am wondering how you come up with a number for an offer. Obviously he is willing to take less that the 105, because the “Bring an Offer” was the first thing listed by the agent. How do you decide? Do you try and figure the 2% rule and make that your offer? I don’t want to offend the owner and risk losing a good deal. Any info and advice is appreciated!
Thanks,
DJ

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