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Updated about 8 years ago,
How's negotiate this deal..
Good afternoon BP, I hope you're all doing great!! Okay so I found this possible deal here in Elizabeth NJ. Multi with 2 units and finished basement, 3 separate electric meters. Also two car garage and drive for 2 cars.
Cons, no backyard, and 2nd floor kitchen small and unfinished ($2k- 3k to finish). Basement and 2nd floor no gas, all electric. Property is completely vacant. Found a note on the kitchen counter saying gas leak found.
Monthly Rents:
Unit 1: $1,200- $1,300
Unit 2: $1,000- $1,150
Basement: $850- $950
2 car garage with loft- $400
Property Cost
Asking $275,000
Year taxes $10,500
The seller is a invested herself and she's getting rid of this property and keeping her other luxury properties. Now dealing with such an experienced seller/ investor how can I negotiate this property?
Thank you in advance!!