Possibly my first deal!! Please help...

Try using the Realestate analysis system here on this site,it is Good!
If you are working with a real estate agent have them run comps for you.
You could also check and see what they owe on the property seeing how they are older they might not owe anything, then maybe an owner finance deal. Finance for 2 years on a lease option?

Jay C

I had no idea that tool existed. It is good. The owners have 4-5 years left on the mortgage. I don't think it will be a good deal unless we can talk them down some on the price. Thanks again!

talk to them again and listen to them more .
1.how motivated r they
2.find out 1 way or other repair list
3.find their magic buttons
4.ask will they owner finance?
5.is mortgage pd in full or is there $ owed on the mortgage and how much?
6.let them know u r an innvestor with a list of potential buyers if you may not want this house....only mention this after all negotions have been exhausted by u

7.why r u selling why do they want a hyrise???
8.lock it up on a 30 or 60 day contract and assign it if all the #s work

9.or keep it and hold for rental

u say they WANT to sell it for 30000 but do they NEED 30000 ???? maybe it is all pd off and they would take 22000 cash for it then find a partner and grab it to sell ,assign or lease option it....but make sure u do a repair list with knowledge and put contingencies in your contract

go getum
jay