OfflineI have a partner who has secured a property, however, we do not have a means to purchase the property at this time! The property has a FMV $150,000 alongwith an adjoining/second lot FMV $120,000 (two parcels of land in all). No property was built on the second lot, except a large garage used for woodworking, RV, mechanics, etc.
Total FMV approx. $270,000.... My partner was able to gain the property for a great price!!! The only problem we are having is neither of us have ANY $$$ to secure the property and the contract has been extended for another month to secure funds!!!!
What we need from the DG family is an EXIT strategy to buy the property, which will put a HUGE profit in our pockets!!!!
Please offer your expertise in order to help us from losing this property????
Thanks so much!!! P.S. We don't want to buy/hold if we don't have to... but, will keep the property once we can secure funding!!! HELP!!!!!
Do you have it under contract already? Is the offer accepted?
If you have 30 days, why not assign it to an end buyer? Could be an investor or retail buyer. Send the deal to everyone on your buyer list & market the heck out of it!
Just my 2 cents....
Dawn
Life's a Dance you learn as you go...GET HAPPY FEET!
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed no hope at all." ~Dale Carnegie
When you said, "great price" what was the actual offer accepted for? Did you purchase the property at 40 or 50% of the FMV? The more info we know about the property, that better we might able to help.
Lloydsap
If you have 30 days, why not assign it to an end buyer? Could be an investor or retail buyer. Send the deal to everyone on your buyer list & market the heck out of it!
Just my 2 cents....
Dawn
Yes, the property is under contract at this time.... However, I desperately need an "end-buyer???" I have yet to establish a buyer's list, so if you can help me in the marketing department, maybe we can manage a deal??? By the way, the property is located in Sugarland, TX.... Let me know.... PM or email at: jenkinsmhg@****
Lloydsap
I think the offer is least of my concerns, but if you would like to consider buying this investment property, you can PM or email at: jenkinsmhg@**** .... In all seriousness, I guarantee you it will be a definite STEAL!!! Why? Because I the price you will receive consists of "two adjoining" lots.... One lot has the property (house) located on it and the other lot is "vacant" waiting on someone with a "vision" to build another home, building, garage, etc....
I am asking $165,000 for the "two lots" and the owner is ready to move out ASAP! Again me know whether you are interested in more info....Thanks to every family member!!!