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Updated 8 months ago,
Offer on my first deal
Looking for advice on my first deal. He purchased it a year ago for $325k
Duplex listed for $396k Offered $350. He countered $373. Both units are rented with long term renters and they bring in $2450 a month. One is section 8. Wanting to counter $360. Will be a cash purchase. He is selling wanting to do a 1031 exchange. Our goal is to build a long term rental portfolio.
Any advice appreciated.
Fran…