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Updated over 7 years ago,

User Stats

146
Posts
93
Votes
Jonathan Jewell
  • Investor
  • Bensalem, PA
93
Votes |
146
Posts

Making the offer. Full Price or reduced price

Jonathan Jewell
  • Investor
  • Bensalem, PA
Posted

How you all doing fellow Bp'ers.  Gotta another question for the group.  I came across a multi-unit, that  did a walk through on and I want it.  It would be my first, just an FYI.  But  it has all the ingredients, great location, safe area, long term tenants, which I met and interviewed each one of them.  Cashflows pretty decent too.  The thing is everything is dated I mean everything.  Its also has some trouble spots that are in need of immediate attention.   I estimated the repairs and some of the upgrades are going to be around $15K  maybe even a little more once I open up the problem wall.  (water leak from outside)  So here is my question: 1) Should I submit a full price offer pending outcome of acceptable appraisal and inspection, just to get it under contract knowing I'll be negotiating a lower price later 2) submit my offer with my adjusted lower price with or course the appraisal and inspection clause 3) Go real low (like worst case scenario repairs and waive the appraisal and inspection clauses).  I wanted to go in strong with at least 2 options the seller can choose from.  Your experience and insight would be greatly appreciated.  Also would especially like to hear from @Cody L. , @Andrew Johnson , @NaDean Bowles and @Jay Hindrichs on this .  Thank you!

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