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Updated over 9 years ago on . Most recent reply

Account Closed
  • Omaha, NE
85
Votes |
201
Posts

6-plex seller gives me expense spreadsheet, expenses seem unusually high?

Account Closed
  • Omaha, NE
Posted

attached is what I was given. they seem high to me, wouldnt the owner "want" to show me low expenses? these dont even include taxes which are $4,800/year. 

this is a 6-plex, seller is asking $210,000. it is located in a C class area. 

thoughts on expenses?

Most Popular Reply

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1,603
Posts
918
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
Votes |
1,603
Posts
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

the rent is way too low. 

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