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Updated over 9 years ago on . Most recent reply
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Method to "back in" to an offer on a rental?
I am relatively new to BP and real estate investing. I have an opportunity to acquire 4 rentals in one deal. Each is currently rented, and the combined/total rental is $3,975. I know what the annual taxes are. I can estimate insurance, closing costs, etc. I know what the county tax assessed value is, which I realize is never an "accurate" number for market analysis. But...
Is there any kind of formula anyone uses to "back in" to a maximum offer price in order to enter into a further negotiation on this deal?
Regards... Thank you...