Hey everyone i think i found a great deal and im working on it right now. just want to see what you guys think about it. i contacted anita about it and she said she would run the numbers so im waiting to hear from her.
just wanted to let you guys know about it and see what everyone thinks!
This is a fourplex with 4-2 bedroom 1 bath apts in a fairly good neighborhood. all 4 are currently rented out at 450 a month. taxes are 1300 and insurance is 800. asking price is 135,000 and he is very VERY motivated cause he just moved 21 hours away. i think i can low ball him to 100,000. i don't have any money or good enough credit or income to get a loan for that much. he is willing to do a loan with option for no more then 1.5 years but he wants a downpayment (which i cannont afford)and he did not specify how much of a down payment
Since he is so motivated i believe i can negotiate with him very well. just don't know what details to offer. any one got any suggestions?? Does this sound like a good deal to you guys?
I was thinking maybe i could talk him into adding the down payment into the final offer at the end of the lease? but with him wanting a down payment do you think i would be able to talk him into giving me a percentage back at the end for my down payment on the loan?
Any help is greatly appreciated. I don't want this one to slip away if it is actually a great deal!!