Need advice on sale, please… - Posted by SteveW
Posted by SteveW on August 29, 2003 at 21:37:19:
Home is appraised at $138,000. Needs $9000 in fix up (mostly roof and kitchen). Have a nephew that would like to buy it and has aprox. $2500. He can get the work done
for less w/ his construction connections. House will rent
for $1250 or l/o for $1350. I have the $9000 set aside
but would rather not use it on the fix up. He may be able to qualify for FHA. I need to show a lease on the house
very soon. How can I help him buy it and how should I structure the deal? Thanks!