OfflineWas thinking about it all day. I just don't like the area. Its 4bdrm and the owner will finance and its below market value. I would assign it but I don't have a list of buyers . Help! what to do?
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Found A FSBO with Owner Finace
Posted on: Tue, 05/11/2010 - 02:39
I would go to craigslist and type in we buy homes or i buy homes or go to google and type the same thing and let them know that you have a property for sale and see if you can assign it. hope this helps this is how we found our buyers.
I Can Do All Things Through Christ Who Strengthens me.
Philippians 4:13
It does, I am on it right now
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Where is it located & what are the specs(sq. ft.; market value; purchase price; amount of owner finance, interest rate & term ?
Found even better . A family who needs a 3bd room home lease was up. Maybe lease to own.
Don't know all the details yet. They are asking 150k FMV is 190k
You can lock up the property with your contract and assign or Lease Option between you and the seller. Then do a Lease Option with the new tenant-buyer. Lease options are typically 3% down of the sales price. Get the down payment from the new tenant-buyer. As long as the Lease Option monthly payment is less than the payment your new tenant pays, you should be fine.Hope this helps.
To get something you've NEVER HAD
DO something you've NEVER DONE.
Great suggestions on the possible alternatives on the deal. The buyer's list is vital for you to be an effective investor. Remember, you don't have to like the neighborhood, you won't be living there, your buyer will. So if the neighborhood is acceptable to the buyer, get it under contract and go for it.
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