Re: How bout this deal. - Posted by JPiper
Posted by JPiper on March 11, 2000 at 05:47:49:
I was struck by your comp figure?..$90,020. Where did that $20 come from? Talk about accuracy. It almost looks like you averaged something?.which I wouldn?t suggest if that?s what you did.
Anyway, assuming your numbers are right, the only question remaining is ?what are the payments on those loans??. If those payments are something that is marketable and the house is in good shape, and owners aren?t in arrears, you might be able to tie the deal up with a lease-option or subject to and assign it to a retail buyer. It?s a long shot, but something you might want to check out.
Otherwise, tell the people you?re in business to make a profit. What I wouldn?t tell them but we all know is the truth, is that you?re not the savior of every Tom, Dick, and Harry that over-financed his house, and spent the money.