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All Forum Posts by: Jason L.

Jason L. has started 23 posts and replied 73 times.

Real Estate Deal Analysis & Advice

Post: Need Help with Offer on a Multifamily

Jason L.
Pro Member
Posted
  • Investor
  • Amarillo, TX
  • Posts 81
  • Votes 6

Same here Edgar and 20% of his asking price ($58,000) would be around $46,500; so I will see.

0 Votes
Real Estate Deal Analysis & Advice

Post: Need Help with Offer on a Multifamily

Jason L.
Pro Member
Posted
  • Investor
  • Amarillo, TX
  • Posts 81
  • Votes 6

@Bill Jacobsen, the owner is asking $58,000 for the property and it only appraised for $40,268 so that is the reason for the low offer.

0 Votes
Real Estate Deal Analysis & Advice

Post: Need Help with Offer on a Multifamily

Jason L.
Pro Member
Posted
  • Investor
  • Amarillo, TX
  • Posts 81
  • Votes 6

How much would you offer for a multi-family home that only appraises for $40,268 in Amarillo, TX? (Address 506 S. Florida St. 79106) It's currently occupied and total rent for both sides equals $1080.00; plus it has a lot in the back that is used by a local business for it's customers to park, this could be additional cash flow.

0 Votes