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Updated almost 16 years ago, 12/29/2008

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

4 unit deal, should i lift my offer?

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

this deal im working on is a single family and a 3 family on same lot...right now im at $285K and it needs $25K in work, bank will be getting back to me nxt wk...realtor already said im probably going to have to go to $300 but I started at $270K and im not sure i should go to $300K...but when i look at monthly cash flow it tells me to go to $300K if needed

rents are $1400 for each unit...$5600 total monthly rents...very large 3 bedroom (could be 4 beds) units in 3 family and 3 smaller beds in single family...

i estimate my cash flow at $2233 per month...why shouldnt i raise my offer if needed...i guess im just looking for feedback either way

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