Help Structuring an Offer - Posted by Edels

Posted by alex on April 23, 2007 at 10:49:34:

Edels
You haven’t shared much information. I’ve ask the seller for a 90 day option then cash them out. This should give you time to do the rehab.

Alex

Help Structuring an Offer - Posted by Edels

Posted by Edels on April 21, 2007 at 20:07:57:

Hi all, need some help from experienced and creative invetors. I want to make an offer on a 1 bedroom home, in good area that will need a new furnace and to fit the area, I want to add a second floor to the house. How can I best structure the deal since I won’t be able to rent the house while I wait for purmits and construction, about 6 to 9 months till all is done.

The sale price is 240 and when its finished should easily sell for 400 to 425 based on comps. Anyway thoughts on how to buy but not take ownership or mortgage the property until I can either rent or sell it?