Offer with lower price?

[Samuel Lee]

I am a new multi-family investor and ready to submit a LOI. However my math calculation has pointed to a lower sell price than the listing price. Is it normal to submit an offer with a lower amount? From what I've seen with other completed transaction deals, the closing price is always the same as the listing price.

[Jacob I Strauss]

I see it 2 ways you can stand by the numbers and make multiple offers until you get a yes which is generally not a bad idea personally I would rather take a slow approach than fast and clumsy. Second you could buy for appreciation if you ran the cal and you lose idk 200 a month but next year you break even and the year after you make 200 in a highly appreciating market it could be worth it but it is a gamble. Many folks with means are willing to take a loss today for gains in the future of both rents and appreciation.