Posted by Samuel Addo on April 13, 2005 at 14:10:26:
I want to make an offer for an 8 unit apartment in Houston,TX.
The price is $685,000 and has an annual gross income of $84,000 and annual total expenses of $17,908. The owner has annual debt service of $12,900. It is 100% occupied. I want to make an offer of $565,000 and ask the seller to carry 20% of that ammount. How can I can structure an offer the will look good to the seller. Any ideas?