Posted by Randy on July 15, 2003 at 11:26:21:
Offer the seller $90k cash close in 30 day?s. Immediately run and ad ?Owner Financing? small down payment $130k (description of property) call 555-1212
Sell the note at closing (simultaneous closing) for cash. You can get 90% to 95% of the face amount of the note depending on your buyer. In this case that would net you about $108k - $90k to your seller= $18k hip national bank. And an opportunity to carry a 2nd paying you a monthly income. Not bad for a few hour work. Email me if you need help.