how to creative finance this deal - Posted by alexis brown

Posted by Randy (SD) on October 13, 2003 at 15:32:51:

What is the market value of the property (what would it appraise for)? What is your strategy, flip, L/O rental? Is the seller willing to carry paper for a higher selling price? There may be many options open to you with a little more info.

how to creative finance this deal - Posted by alexis brown

Posted by alexis brown on October 13, 2003 at 14:11:25:

I have a home owner who wants to sell her property. She owes $25,000 and her payments are $550 a month through a private lender which is assumable. The house is sitting on a double lot in a historic district. She also want to get $15,000 in her pocket totaling $40,000 for the whole deal. How can I financing this creatively. Time is short as she has another investment offer of $35,000. All comments welcome.