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Updated over 5 years ago on . Most recent reply

Chris Toedter's profile image
Chris Toedter's profile image
Chris Toedter
  • Professional
  • from Clifton, New Jersey
  • Member since Feb 28, 2017
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Chris Toedter's profile image
Chris Toedter's profile image
Chris Toedter
  • Professional
  • from Clifton, New Jersey
  • Member since Feb 28, 2017
Connect
Chris Toedter
  • Professional
  • Clifton, NJ
4
Votes |
34
Posts
Multi-Family and Apartment Investing

Waived Appraisals good or bad idea?

Chris Toedter
  • Professional
  • Clifton, NJ
Posted

I am looking at a property to buy this is the break down.

Original Listing Price : 700,000

New Listing Price : 650,000

Taxes : 11,500

Insurance : 2300

Rental Income $7,600

Only thing is the SELLER knows it will appraise for around 600k and he is firm on 650k is it a bad investment to pay the difference in Cash to make up the difference???

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