Can't find a way to do this one - Posted by Jim[Alaska]

Real Estate Investing
1

Posted by Chris on February 09, 2000 at 04:14:05:

Jim-

If you have a buyer lined up you may want to look into this article. Keep in mind those septic repairs to discount from your offer.

http://www.creonline.com/art-136.html

-Chris

2

Can’t find a way to do this one - Posted by Jim[Alaska]

Posted by Jim[Alaska] on February 09, 2000 at 02:16:07:

I am new at this. I have what seems to be a good deal but cannot figure out how to work it to a conclusion.

Marketed last year for $99,500~did not sell because they found out it was not bank financeable~septic problems~ owner not willing to put any money into repair.
This year it is on the market for $75,000 seller finance w/ 20%down and a 7 year call. FMV is $99,500

I think I can get it for $65,000 and negotiate the down favorably…he wants out.

I cannot figure out how to sell this and pay the owner, especially if I have to owner finance myself.

Any help would be appreciated.

Jim