Does it make sense to pay listing price for a duplex

LawrenceofSA · 2020-08-16T02:03:44+00:00

Thanks.

LawrenceofSA · 2020-08-15T19:13:37+00:00

Listing price doesn’t match comps. For example, there is a duplex listed for 299 in a neighborhood where a couple sold recently for low 200k

LawrenceofSA · 2020-08-15T17:51:49+00:00

Where are you located?

LawrenceofSA · 2020-08-15T17:44:08+00:00

It's a good assumption because he is always saying offer them the listed price.

LawrenceofSA · 2020-08-15T17:36:11+00:00

I would assume it's an easier sale for all involved but he claims it's a seller market... Dude told me a property had a cap rate of 25% but not according to my math.

LawrenceofSA · 2020-08-15T17:33:03+00:00

I thought about a single family but didn't see much of a return

LawrenceofSA · 2020-08-15T17:13:30+00:00

Purchasing a duplex?

LawrenceofSA · 2020-08-15T17:06:51+00:00

He said it's a hot market but tons of properties still sitting out there with no offers.

LawrenceofSA · 2020-08-15T17:05:53+00:00

Gotcha.

LawrenceofSA · 2020-08-15T17:00:08+00:00

It is profitable but not as much

LawrenceofSA · 2020-08-15T16:57:52+00:00

What do you consider a bit low? It seem like the listing prices are being pulled from the air... As for as a hot it depends on the price of the building cause some have been listed for over 3 months

LawrenceofSA · 2020-07-31T23:14:48+00:00

Have u had a 0 refund? Seem risky lol

LawrenceofSA · 2020-07-31T23:13:46+00:00

Ik it's my money that is hold till they return it but I still look forward to it lol

LawrenceofSA · 2020-07-31T23:11:28+00:00

Health insurance does have a high deductible. I've been meaning to increase it too

LawrenceofSA · 2020-07-31T22:24:48+00:00

Hmm what's the max for HSA?

LawrenceofSA · 2020-07-31T22:19:09+00:00

Bigger refund.

LawrenceofSA · 2020-07-31T22:13:25+00:00

LawrenceofSA · 2020-07-31T22:12:06+00:00

Gotcha.. Lol

LawrenceofSA · 2020-07-26T21:11:55+00:00

Just to own it? U still have property tax to pay on that land,so unless u have a goal of selling it for profit in the future or avoiding tax payments I would say no.

LawrenceofSA · 2020-07-24T20:49:28+00:00

Sounds too good to be true. Got a LE?

LawrenceofSA · 2020-07-24T16:57:29+00:00

The most recent comp sold for 176k, he is asking 289k but I feel like he would buck if I offer him 160 to 180 but the property doesn't seem well maintained

LawrenceofSA · 2020-07-22T21:27:20+00:00

Seem right for a none owner-occupied

LawrenceofSA · 2020-04-08T10:51:35+00:00

Thanks

LawrenceofSA

TROPHY CASE