How to deal - Posted by Nell

Posted by CurtNY on May 04, 2000 at 09:58:20:

You need to give us more information. The FMV, monthly mortgage payments (PITI), etc… . If the numbers work, this looks like a great sandwich L/O. Tell the seller you’ll gaurantee his payments, maintanence, with an option to buy the property, don’t mention any option money. Then Sub lease the property for an additional $200/month and get $2000-$3000 option money, give an option to your subtenant/buyer a few thousand higher than your option (this is assuming the #'s make sense) Good Luck,


How to deal - Posted by Nell

Posted by Nell on May 03, 2000 at 20:50:09:

Need input on structuring a deal here are the details.

Property sold for 105k, in march of 99
Seller price is 89k (relocating due employment)
current mortgage on property is 77k.

Help, how do I structure this deal to obtain the property with very little or NO money down.

Any and all input would be appreciated. please e-mail me with input.