Posted by Eric on September 22, 2003 at 16:31:14:
I don’t see any problem with it besides the fact that your profit would be a little on the low side. Even Ron Legrand says you should not get involved with Optioning a house in the manner you intend to unless there is at least a $20,000.00 profit built in.
If you think you can sell it quick, i suppose you have nothing to lose, I just would be wary of putting too much money or time into marketing it for such a small potential profit, and that’s if you sell it before the agent does. If you had a little more leeway with the price, you would be able to sell it quicker.