Good News!! Now What?? - Posted by Larry(MO)
Posted by Larry(MO) on April 20, 1999 at 19:18:41:
1 month ago i bought a house here in missouri no money down 300.00 a month. the house was only 13400 and im in the middle of repainting cleaning up and general minor rehab and was in the process of renting at a break even situation for a little while or selling on a note for 18-20.
The seller called me this morning. Seems his sons dozer broke down and he needs 4200 to bail his son out.
He has a bank note for 6600 and for a total of 10800 i can step into a much better situation.
Do i need to tie him up with another contract with 30-45 days to come up with the money before he changes his mind?
If financing falls thru will i revert back to my existing contract?
Can i do a flip and simultaneous close on this?
I am also looking for some quick money on this deal. any help would be appreciated.
Thanks in advance. In the woods of Missouri Larry