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Updated almost 7 years ago,

User Stats

7
Posts
0
Votes
Zack Ak
  • Babylon, NY
0
Votes |
7
Posts

a question on a deal

Zack Ak
  • Babylon, NY
Posted

Hi 

i am working on an offer the house is 3 family

asking price is $250K   repairs will be 100k

cap rate similar homes 7-8%.. according to my calculation i came up with 10%

the rent as the sales agent says per unit $1800-2000

C class

i intend to go with hard money lender...at 65% of ARV.. -100k repairs The sales agent said, the ARV would be 400k for this particular home... some comparison homes are alittle higher 450 to 550

what do you suggest the offer on this property should be?

or is it safe to go with asking price?

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