Deal Structure - Posted by Todd

Posted by Nate on February 22, 2001 at 11:01:27:

If you already have a buyer with 12.5K in cash who will pay 75K for the property as-is, you are golden.

Get the property under contract for 70k and make sure the contract is assignable. Collect 5k assignment fee when buyer closes. Move on to the next property! :slight_smile:

Deal Structure - Posted by Todd

Posted by Todd on February 21, 2001 at 23:07:31:

Just got a call from a contractor who has a repo home for 70k. House has a no of 62.5k @9%. He wants 7.5k cash for the balance. I have a buyer for 75K who has the 12.5k cash and is willing to assume the loan, FMV is 110K. I just want to flip this for a fast 5k. What route should I take in secuing this deal? Should I get a option to buy or assign it? Thanks for the input!