Has anyone had luck with this…? - Posted by Kathleen Cory
Posted by Kathleen Cory on February 05, 2002 at 20:40:01:
I am wondering if anyone has ever tried using the owners as partners. For instance, tell them you have buyers waiting, and will give their asking price, plus 15% (example) If they let the buyer pay them in payments? You could offer them half of the downpayment Half of everything… until it’s paid. Also have them agree to pay half of all necessary fix-up costs?
I know someone would make alot more money overall by buying low and selling high. But, wouldn’t this at least bring in extra cash flow without any up-front money needed?
Especially for cases when the seller absolutely won’t come down in the price? Wouldn’t an arrangment like this be better than walking away without any cash? Any thought are appreciated.