was thinking of buying a forclosed 4 plex townhome apt banked owned listed for 158500

Profile picture for connelllewisjr
should i bid a lower price for it even if i ask them to pay all closing an inspections cost market value is 238,880
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August 21 2009 - Killeen
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Answers (2)

Profile picture for athomp72
Be sure you have a knowledgable agent assisting you with your investment.  I would ask the agent how experienced they are with investment property.  Do they even know what a CAP rate is?  There is a big difference from selling homes to families and selling investment property to investors.
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October 08 2009
Profile picture for real estate mike
the asking price is irrelevant to you. you need to know the cap rate and noi estimated for this property. Ask your realtor to assist you. best of luck
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August 21 2009
 

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