“would love to get in make small $ and get ride of it and not have to worry about the T?B but not sure how to do it,”
Sign it up on a lease option, then assign that lease option to someone for more $$ than you’re paying. So if the owner is requiring $2300 down for a lease option, you find someone willing to pay $10K down, and take the difference.
This is probably your best bet, from what you were saying about being new, not wanting to stay in, don’t know if you are doing it right, etc. Simple, in, out, and onto the next one.
I’m very new. I was expecting to spend a lot more time doing research and getting down the basics. But I saw a sign that said for sale by owner so I called. The couple have bought another house and will start having double payments in august. They added a will rent sign to the for sale sign this week. I called but I’m not even sure I got all the right info. I sure could us some help.
I think they are motivated because of the double payments and the addition of the will rent sign. Anybody in CA who could help?
Kent
Welcome to a wonderful board. Everyone here would love to help you but we need more information. Like asking price, price of comps, rental rates, rent asking price, what kind of deal are you looking to do. Just make another post with all the information you have. Good luck!
This is what I know.
couple with 2 children bought a new home moving in in august.
asking 425 would not give me $ of equity but has been in the house for only 15 months, says it was appraised at 449.
Added will rent this week asking 2300/ mo.
they have no offers at this point
How do I find comps and rental rates?
what other questions should I ask.
I have spoken to the wife only 1 time. Told her I would talk with my partner and get back to her after the holiday.
I was thinking of geting the house under contract Subject to and finding T/B trying to get out of it with 5k and small positive cash flow.
would love to get in make small $ and get ride of it and not have to worry about the T?B but not sure how to do it,
I’m very new I’m not sure how to set up the contract either is there a standard form?
In CA is there anything special I should watch out for?