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Updated almost 9 years ago,
Should I make an offer before it's gone?!
Hey y'all!
I found a property that I like (I'll be owner occupying), however, it will need some work (plumbing, hvac, possible roof) however I think the price could be right. The only down side is I will have to put the money into it, and if I want to move into another investment property in the next 2 years, will I have the money to do it after investing in this property.
Conversely, I found another property, more in the area I want to be, but the owner wants too much for it (about $35,000 too high) and has indicated this is his retirement money property so he doesn't think he'll take much less..
I know the unit I like, has had 3 showings in the last 3 days and I don't want to lose it. The other property we like but is a little high, we have a showing set up for Wednesday.
My question.. Should I try and place an offer on the property that needs some work to try and get an accepted offer to have it under contract so I don't lose it? And then see if the higher price property is more for us? What have y'all done in this type of situation?
Thank you!!!
Milwaukee, Wisconsin