Obviously you would offer less than that.So you would have to confirm the accuracy or rents you stated and the repair amount needed - then you can put in an offer.

They are self-employed, so I would require them to give me copies of last two tax returns, plus a 4506T form grabbed from the IRS website to verify the accuracy of the paper copies that they present.

No relation to these guys, so I won't vouch for the accuracy or completeness.

I would agree with the earlier posts in that it looks a little soft.That being said, Retail Centers are probably the most sought after property type in commercial and regardless of accuracy of expenses, I would say it always comes down to the opportunity to add value, the quality of the tenants, and the terms of the leases.For example, if you have some strong national tenants on Triple Net leases, people are willing to "overpay" for that type of property - at say a 6-7% CAP.

Even if we discount that 10% for accuracy ... that leaves $396k.

It's difficult for me to respond with a great deal of accuracy because the HM lender sets the terms depending on the specifics of the deal.

I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information.

You do this through inventory levels and driving the neighborhoods.Second, you must know what comps to use, what comps to toss, and of the used comps, how to adjust for accuracy.

I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information.

I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information.