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Updated over 10 years ago on . Most recent reply

User Stats

22
Posts
8
Votes
Jeffrey Cervi
  • Investor
  • Naples, FL
8
Votes |
22
Posts

Here is my deal, what would you do?

Jeffrey Cervi
  • Investor
  • Naples, FL
Posted

Looking at a 2/1.5 condo purchase for rental.

List price is $129.9, which I think is about $10K overpriced. 

New appliances in kitchen, granite countertops, ceramic tile, new carpets - nothing needs to be done to unit but clean carpets - cats....

Expect it to rent for $1,100-$1,200 so should cash flow nicely.

Question - I'd like to try to buy the unit fully furnished - couches,washer/dryer, everything but the mattresses and box springs.

I know I can't put the furnishings in the offer price for mortgage, but would provide a separate cash offer for those.

I am thinking about structuring an offer like this:

Open at $115 for the unit unfurnished, seller to steam clean carpets plus a couple thousand cash for the furnishings. Expect a counteroffer....

If you were seller, would this interest or offend you?

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