All Forum Posts by: Kody Henderson

@Ned Carey Good to know. I wouldn't want to offend the seller of a potential good deal. 

@Kyle J. thank you for the insight. Just looked at several other properties in the area and they all seem to be listed at around 25-30 percent higher than they tax assessed value.

Looking for advice.

I found a small multifamily for sale and the tax assessed value is $120k less than the asking price. Rents are slightly below market and has long term tenants in place.

At the full asking price the property would cash flow about $500/month with 20% down at current rents. With a 13% ROI

At the tax assessed value the property would cash flow approximately $800/month at current rents with 20% down. This would make a 18.5% ROI

Should i try and negotiate the price down?

What would be the best way to go about this?

The property cashflows at full asking but 120k above the tax assessed value seems a bit high.

@Jeremy VanDelinder thanks. I’d love to chat!

@Michael Haas thanks for that. I’ll have to look into what public information is available.

@Keith Thomas thanks for your insight

@Jesse Daconta thank you!

@Pamela Sandberg thanks

@John Farady Agreed. Thanks for your input. Glad to get a little clarification on this.

@Jerel Ehlert thank you.