Posted by SCook85 on January 08, 2001 at 18:52:11:
You essentially have a deal at market value. It isn’t anything special. But since you do have it tied up, you may be able to assign it to a landlord if the numbers do work out. How did you come up with $150 per month cash flow? I would imagine that most investors, if they had to qualify for the assumption would not do the deal. If you took the deal “subject-to” you will have a much better chance of assiging it to someone else.
You should advertise it in the paper and see what kind of hits you get.