I know you guys have different ways of running the numbers on a property. I always read your arguments/discussions on which one is better. Anyway, I would like you experienced guys to evaluate the numbers on a property for me and let me know what offer you would use as your max.
All the properties the realtors give me, I basically throw away, until I can do the calculations myself. What numbers should I post for your evaluations?
All the units are newly individually metered for heat and AC. There is a new roof, and the interiors are almost new. There is some slight landscaping needed, depending on personal taste. And the walkways and the parking lot has been redone last year. Also, option to owner finance.
Would you make an offer of 10% or 15% less than asking price?
Well that market is starting to appreciate, but for the past couple years is was almost flat. Some population increase, and job growth recently. It is projected to slowly increase with a couple large companies building facilities nearby.