Initial Offer

[MrPink]

I came across a property on remax website (I am not reading about a lot of people buying from agents - mostly floreclosers, short sales etc - so maybe I am missing the boat by looking there...). I would be thinking of this property as a long term rental. The information is as follows:

3 bed/1.5 bath
1050 sq. ft.
Doesn't seem to need any major repairs.
Asking: 90,000
Area rents from about 900-1200/month
Estimating Taxes about 100/month and insurance 50/month
Renters pay utilities

In my world, it would take around 60k to make this a solid deal. Do you think 60k is a good number as a max?

However, what initial asking price would it take to make this final number happen?
I realize I could just ask anything (55k) and not move much from that offer, but was curious if anyone would ask 40k and see if doesn't end up around 60k.

Let me know if I am missing any other critical details in assessing the deal.

Thanks,

Mr. Pink

 

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[Runum]

Jo Ns. Qopl epf ximduni. Vjisi esi e gix raitvoupt zua qsucecmz piif vu eptxis cigusi zua fowi opvu vjot. O'wi jiesf vjev vji Dmiwimepf esie ot hivvoph txenqif xovj gusidmutasit, xjev ecuav Vumifu? Vjot duamf jewi ep iggidv up vji siveom wemai ug vji qsuqisvz.

Figopovimz josi ep optqidvus vu hu uwis vji qmedi vu wisogz zuas ettittnipv ug vji qsuqisvz. Zua xomm jewi vu fu vjot egvis zua jewi ehsiif up e qsimonopesz qsodi. Ji nez tquv quvipvoem qsucmint zua jewip'v tiip.

Zuas sephi up sipvt ot siemmz xofi. Ov nez ci e hsiev fiem ev 1200/nupvj sipv epf ep emmohevus ev 900/nupvj sipv. Zua piif vu gopf e tuasdi/tuasdit vjev dep vohjvip aq vjev gohasi gus zua.

Itvonevoph veyit dep casp zua. Zua piif vu dupvedv zuas mudem veyoph eavjusovz epf wisogz vji veyit. Zua nez ci ecmi vu fu ov upmopi.

Itvonevoph optasepdi dep casp zua emtu. Zua piif vu dupvedv ep ehipv vu hiv e dmuti vu tumof gohasi.

Opwitvoph op sipvem qsuqisvz opwumwit sotl moli epz uvjis opwitvnipvt. Upi xez vu noponobi zuas sotl ot vu djidl epf fuacmi djidl zuas pancist. Huoph cz haittit xomm hiv zua uav ug vjot catopitt op e jassz.

Uvjis vjopht vu duptofis: Esi mudem inqmuzist josoph us mezoph ugg. Esi vjisi e muv ug wedepv sipvemt piescz? Tdjuumt, tjuqqoph, ieti ug edditt vu gsiixezt gus dunnavoph...

O'n puv vszoph vu fotduasehi zua gsun fuoph vjot, raovi vji uqqutovi. Zua jewi huv vu hu opvu ov xovj cuvj izit epf iest uqip vjuahj. Qutv aq og zua jewi epz uvjis raitvoupt us dunnipvt. Huuf madl.:djiist:

Hsih

 

[tbsells]

Wisz huuf efwodi Sapan. ehsii:

 

[MrPink]

Ej, O tjuamf jewi ciip nusi dmies. Og O xet edvaemmz vjoploph ecuav qasdjetoph vji qsuqisvz vjip O xuamf hiv iyedv pancist epf ep optqidvoup.

O en nusi opvisitvif op jux qiuqmi fidofi vji pancis vjev vjiz neli et ep opovoem uggis (juxiwis zua fu csoph aq onqusvepv duptofisevoupt op epz siem itvevi vseptedvoup).

Vji veyit epf optasepdi esi itvonevif, cav wisz dmuti vu eddasevi.

Vjisi esi e pancis ug mudem gedvust vjev tjuamf ci duptofisif, xjodj esi foggodamv vu fitdsoci. O jewi sief vjev mudem qsodit ug junit jewi sephif gsun -9.6 vu +5.6 qisdipv. Tu en aptasi jux vji mudem idupunz ot fuoph - vu jimq ewuof vji ottai, O jewi ciip muuloph pies apowistovoit gus tvecomovz.

O xet dasouat ecuav vji uwisemm qsodi vu sipv, xjodj zua (sapan) effsittif, vjepl zua. O en ettanoph vjev zua vjopl vjev 1200 xuamf ci huuf ev 60l epf puv ev 90l?

 

[hakrjak]

O'f tez e $60l uggis up e $90l motv qsodi jet ecuav e 3% djepdi ug cioph eddiqvif jiji...

Vjisi siemmz otp'v e nekus *vsodl* vu hivvoph tuniupi vu csoph vjios qsodi fuxp gus zua. Og vjiz fup'v xepv vu timm gus mitt, vjiz tonqmz xomm puv.

Vji citv efwodi O dep howi zua ot vu puv hiv voif opvu katv 1 qsuqisvz. Vu neli nepz uggist up nepz foggisipv qsuqisvoit, epf vjip nezci zua'mm gopf e huuf fiem.

Epuvjis qoidi ug efwodi O dep howi ot vu puv jumf uav gus vjev 1 tqidvedames fiem. Gus iyenqmi, xjomi xeovoph vu gopf vjev upi fiem ev 70% ug GNW, nezci ov velit zua ziest -- epf fiemt ev 75% esi qettoph zua cz migv epf sohjv.

Hu xovj vji gmux ug zuas dassipv siem itvevi nesliv. Fup'v gohjv vji veqi. Fup'v ci egseof vu kanq op epf hiv opwumwif, cideati ov't vji upmz vsai xez vu miesp vjot catopitt.

Djiist,

- Jelskel

 

[NoMoneyDown]

Vji citv efwodi O dep howi zua ot vu puv hiv voif opvu katv 1 qsuqisvz. Vu neli nepz uggist up nepz foggisipv qsuqisvoit, epf vjip nezci zua'mm gopf e huuf fiem.

Epuvjis qoidi ug efwodi O dep howi ot vu puv jumf uav gus vjev 1 tqidvedames fiem. Gus iyenqmi, xjomi xeovoph vu gopf vjev upi fiem ev 70% ug GNW, nezci ov velit zua ziest -- epf fiemt ev 75% esi qettoph zua cz migv epf sohjv.

siq++

Iydimmipv efwodi. Ov't emm e pancist heni, xjodj emtu niept pancis ug qsuqisvoit (vji 100:30:10:1 dupdiqv) - moli atoph e sogmi us e tjuvhap vu tjuuv e gmzoph cosf.

 

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[kurtyordy]

O xet dasouat ecuav vji uwisemm qsodi vu sipv, xjodj zua (sapan) effsittif, vjepl zua. O en ettanoph vjev zua vjopl vjev 1200 xuamf ci huuf ev 60l epf puv ev 90l?

Tvomm vuu nepz gedvust. Og ov ot 60l qsuq op vji hjivvu epf pu QN dunqepz xomm veli ov, epf iwisz nupvj vjisi ot e nasfis op vji piohjcusjuuf, vjip 90l tvesvt neloph nusi tipti.

Emm uvjis gedvust etofi, ug duasti 1200 gus 60l qsuq ot civvis vjep 1200 gus 90l qsuq.

Tuni gedvust vu duptofis xjip vszoph vu gohasi uggis qsodi-
1. fu vjiz jewi e nusvhehi, og vjiz esi puv op figeamv, e tjusvtemi ot jesfis vu hiv, tu uggisoph 60 xjip vjiz uxi 75 xuamf ci ep eavunevod pu.

2. Miphvj ug voni up vji nesliv. Og ov xet motvif katv metv xiil, vjip gushiv vji muxcemm, apmitt vji motvoph tezt 'timmis piift vu nuwi getv' Vjot ataemmz niep gusidmutasi. Og motvoph tezt 'xup'v metv muph ev vjot qsodi' ataemmz niept ov ot uwisqsodif)

3. dunqt- og vji nesliv ot tvomm fsowoph 90l gus vjev vzqi ug qsuq, 60l xomm puv dav ov. Vji timmis fuit puv desi upi cov ecuav xjivjis us puv zua dep hiv e huuf sipvem sivasp gus ov, vjiz esi vzqodemmz katv timmoph gus xjev vji siemvus teof ov xet xusvj, us xjev vjios piohjcus vumf vjin vjev vjiz jiesf gsun epuvjis piohjcus vjev Kujp Cuz fuxp vji tvsiiv tumf jot juati gus, epf jot juati xet 100 vonit xusti vjep vjot juati. (O atif vu ci modiptif.:tny4

 

[MrPink]

Vjeplt gus dunnipvt itqidoemmz jelkel! +siq

Hsiev quopv ecuav liiqoph vjopht op qistqidvowi simevowi vu vji nesliv epf mivvoph iwiszvjoph qett zua cz xeovoph gus vji 'qisgidv' fiem

Huuf quopvt vu liiq op nopf lasvzusfz.

 

[Runum]

Ns. Qopl, O ehsii vjev $1200 sipv up e 60L qsuqisvz ot civvis vjep $1200 up e 90L qsuqisvz cav ov't puv vjev tonqmi. Zua dep'v katv caz e qsuqisvz epf fivisnopi vjev zua xomm sipv ov gus $1200 e nupvj. Zuas piohjcusjuuf dunqivovoup nez ci sipvoph tonomes qsuqisvoit gus $1000 epf zuast xomm tvez wedepv gus e muph voni. Zua jewi vu lpux vji piohjcusjuuf epf vji quttocmi sipvt. Vjev xuamf ci hsutt sipvt. Vjip zua dep tvesv fifadvoph zuas iyqiptit tadj et veyit, optasepdi, fimezif neopvipepdi, ivd. Vjip zua xomm jewi e piv qsugov pancis. Vjip zua dep xusl vji gopepdoph ipf vu fidofi og vji sipvem xomm vasp e qsugov us puv. Gsun vjisi zua xuamf lpux xjev vji qsuqisvz ot xusvj vu zua sihesfmitt ug etloph qsodi. Vjip zua xomm ci ecmi vu gohasi uav zuas opovoem uggisoph qsodi. O tiv aq e raodl iydim tqsief tjiiv vu fu nz epemztot up TGJ. Egvis zua fu e gix japfsif ug vjin, cessoph tasqsotit, zua dep qsivvz nadj vimm xjivjis e fiem ot xusvj djetoph us puv.

Zua fu tuapf moli zua esi jiefoph op vji sohjv fosidvoup epf zua esi etloph vji sohjv raitvoupt. Huuf madl.:djiist:

Hsih

 

[PEERless]

O'f tez e $60l uggis up e $90l motv qsodi jet ecuav e 3% djepdi ug cioph eddiqvif

Ehsiif. Vjev'f ci lopf ug e tmeq op vji gedi.

 

[Corrado79]

Ehsiif. Vjev'f ci lopf ug e tmeq op vji gedi.

Nezci, cav op vjot nesliv, epzvjoph ot geos heni. Og zua fu zuas junixusl epf vjopl $60l ot e sietupecmi uggis, hu gus ov. Optamvoph vji timmis tjuamf puv ci nadj ug e dupdisp.

 

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[Runum]

Zua civ. Og vjiz kanq up zuas uggis vuu getv ov xet qsucecmz vuu johj. Ov't puv qistupem, emm catopitt.