1st deal in the works - Posted by Matt

Posted by DavePA on February 06, 2002 at 18:05:10:

I would try to sign this up on a lease/purchase with the option to buy. Only sign for the mortgage balance at time of closing. Then if you want you can sub-lease it out to a new owner for say 90-98K You always get a higher price when you sell on a rent to own or L/O. I would make sure that they are current on ALL payments. But, if you know how to do subject-to and go for the deed, that will work as well. You will OWN the property instead of having an option to buy it. Good Luck, dave

1st deal in the works - Posted by Matt

Posted by Matt on February 06, 2002 at 07:02:11:

Hi everyone,
I have a couple of questions. I have a don’t wanter who can’t afford to make payments on his house anymore. He owes 60k on his house and comps would suggest a price in the low to mid 80’s. In this case, would most of you suggest a short-sale or a subject-to? I don’t have any money and I would really like to flip this to another investor. Thanks in advance for any suggestions.

What are you doing? - Posted by ben

Posted by ben on February 07, 2002 at 06:33:48:

Matt–I am dissapointed in you.