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Updated over 8 years ago on . Most recent reply
NWA 117 units in 3 different location didn't sold in auction
Hello BP members,
I found 3 multifamily auction's around my house but i had only one week to bid, so I tried to find out everything possible which lead me to an older action for all three and the starting bid was $1,000,000.
so i set my goal to bid 15,000-18,000 per unit with more than 95% occupation and average rent price of $400, anyhow i didn't made the bid and they didn't sold them yet.
my question is what next can make an offer to the broker?
do i need to wait for the next auction?
thanks in advance
Sam