Posted by Matt on January 02, 2001 at 21:24:54:
Hey Salem! Ask the seller to take out an equity
loan on one of the properties and then just assume
the loan. It doesn’t have to be a big loan. Just
enough to cover the the down payment he must have.
If you get a larger equity loan, give him the money
and pocket the rest. Remind the seller that if he
sells his property and gets all his money now, he’ll
be in a higher tax bracket…Good luck!!
email me at MAT_ATTACK@HOTMAIL.COM