Buying the note, then buying the house… - Posted by Levi
Posted by Levi on April 06, 2006 at 09:25:51:
A home owner called me about selling a house they bought on a land contract. If I could first buy the contract at a discount from the note holder, there is an extra profit opportunity. The holder is a national investment company. Does anyone see a way I could do this? I wouldn’t want to alert them that I intend to buy the property as well, because then they would never accept a discount. I guess I need to come up with an “excuse” why I’m interested in that note.