Re: MOTIVATED BUYERS…where are you? - Posted by Ed Copp (OH)
Posted by Ed Copp (OH) on November 25, 2000 at 09:54:37:
Your motivated buyer may be living in the house already, and just not know that they are motivated. Sell to the tenant, if possible. Make them a deal they cant refuse.
Think about creating your own financing, and then selling your note if you really need to cash out.
If you just need some of the cash, you might want to get a second mortgage and then sell on a wrap to your tenant, continuing your cash flow.
Sell for the higher end of your pricing range by taking time payments for part or all of the sale, even charge a lower interest rate to get the price higher. Interest is ordinary income (100% taxable). While the higher price of the property will generate capital gain, which is not all taxable.
Look closer to home and good luck.