Making offers to multifamily

[Cesar Gutierrez]

Hello BP,

I am a new investor to real estate thanks to BPs. As I’m looking to purchase my first property. I had a general question about submitting offers, the duplex I am looking at was appraised at 700K but the listing price is for 650 K, I looked over the inspection report and the home needs about 35 to 45K in repairs. My question is despite the discounted price due to needing some work, do you base your offer on the number and if we’re to cash flow? I live in north cal so it’s hard to make the number work with certain properties now unless you go down in price and/or interest rate quite a bit. How do you analyze what I should offer as to not offend to much the seller/agent or make my agent look terrible?

Anything will help, I’m overwhelmed on so much analyzing and overthinking on my part. Thanks!