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Updated almost 2 years ago on . Most recent reply

Joval Mathai's profile image
Joval Mathai's profile image
Joval Mathai
  • Investor
  • from Northern Jersey
  • Member since Feb 25, 2022
  • Posts 50
  • Votes 11
  • Experience 3 Yrs
  • Investments 1
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Joval Mathai's profile image
Joval Mathai's profile image
Joval Mathai
  • Investor
  • from Northern Jersey
  • Member since Feb 25, 2022
  • Posts 50
  • Votes 11
  • Experience 3 Yrs
  • Investments 1
Connect
Joval Mathai
  • Investor
  • Northern Jersey
11
Votes |
50
Posts
Multi-Family and Apartment Investing

Multifamily investment in New Jersey

Joval Mathai
  • Investor
  • Northern Jersey
Posted

Gave an offer 90K above asking and still our offer was not accepted ? Am I missing something here.

Loan type: we gave both FHA and conv.

Location : Union, NJ

Newark, New Jersey
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Andrew B.'s profile image
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Andrew B.
  • from Rockaway, New Jersey
  • Member since Nov 15, 2016
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Andrew B.'s profile image
Andrew B.'s profile image
Andrew B.
  • from Rockaway, New Jersey
  • Member since Nov 15, 2016
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Andrew B.
  • Rockaway, NJ
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Andrew B.
  • Rockaway, NJ
Replied

NJ is ****ing crazy right now. If they said no, you didn't have the strongest offer. You can offer more money next time, waive inspections, etc. "Above asking" is irrelevant when every offer is above asking and some people are listing their property below expected sales price to drive more traffic.

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