After running the numbers, we realized we would need to be asking about half of the listing price for it to be worth it.We know the strategy of “analyze 100, offer on 10, and buy 1” but we were just curious to hear what others had to say on how you would approach making such a lowball offer to a seller.

Hey everyone, I'm fairly new to real estate investing & have been researching lately trying to understand & analyze properties better & I stumbled upon this unique listing that caught my attention in CA:Commercial Building Storefront (retail building) + Opposite Side of the lot is a residential property 3 bdrms + 1 bath Year Built 1951 Price $219,000 est cap rate 10%-Total Lot Size 6,000 sq ft /Building sq ft 2,262 +/- Commercial Building 1,162 sq ft +/- /Residential 1,100 sq ft +/-* Lot stretches between two parallel streets, both properties are back to back (but not attached to each other) each facing a different street (Commercial Building)-has a showroom, back office, storage & bathroom complete w/shower.

I looked at two different 2 flats today. Both in established areas with many desirable amenities (public transport, good schools, grocery stores, jobs etc). Both properties were once (most likely) SFH that we’re conv...

Sounds like we’ve got some analyzing to do

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*This link comes directly from our calculators, based on information input by the member who posted.

More realistic is the owner is saying they put in just 5 to 10 hours per week but once you analyze the books find it is far more than that.

Does anyone have any experience with analyzing how bad 20,000 ppm is on the spectrum?

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*This link comes directly from our calculators, based on information input by the member who posted.

I think that I'm over-analyzing potential purchases.

The comment about local agents sending him MLS data when you know he's way overpriced indicates that a) he is sure he's right and doesn't actually want your input (even if he says or even thinks he does), and b) he's getting poor counsel from other agents regarding how much expertise will be helpful to him - unless he has already spent years and years showing houses to buyers, hearing why those buyers will or won't buy the house, and analyzing MLS data to see why properties did or did not sell, in which case he has a good background.The FB questions verge on the odd side - I might check out a prospective tenant's or contractor's social media pages seeing as that's someone whose trustworthiness is going to directly affect my life, but the questions he asked about it sound like they're meant to tell you how smart he is (aka, how much he actually does not need you... to list a former FSBO... which is significantly overpriced... :)Good luck, would be curious to hear what you decide.