Posted by Brent_IL on February 24, 2002 at 08:40:05:
Acquistion means to purchase, buy, or take-over.
He’s asking you for the average sales price of the properties you’ve purchased in the past. Add up the prices that you’ve paid for all the houses that you have bought in the past, divide by the number of properties, and that’s your average per property.
Be prepared if he asks you what your average closing costs are
acquistion? “What does it mean” - Posted by L. Todd
Posted by L. Todd on February 24, 2002 at 01:01:22:
Hi all, Could anyone help me out? I have a lender asking me What is my adverage acquistion cost. I heard the term before and I believe I read the definition but I don’t remember what it means. All answers will be greatly appreciated.