Posted by ken in sc on March 09, 2001 at 15:50:53:
you need $3,000. This looks like a good deal. Personally I would sell on a lease option for $3,000 down. Thus, if you can borrow $3,000 from anywhere for long enough to sell it, then you are looking good. Make sure you can get the $900/month on the ls/op (but that sounds about right to me), and make sure you check the title. And check comps yourself to make sure value, don’t count on the appraisal. Not all appraisals are created equally. I can say that 'cause I am an appraiser!
Now get to work and don’t be slow, the $3,000 is getting larger as we speak!