Posted by Gary on February 03, 2001 at 14:42:25:
Phil, many investors will give you feedback but you need to give all the facts. Current financing on the properties, current market value of the properties, total expenses, current monthly debt obligations, current rental income, condition of properties, future expenses, etc…Without knowing sellers equity position, we don’t know what you will get half of…remember, half of nothing is nothing.
newbie has five house deal HELP! - Posted by Phil
Posted by Phil on February 03, 2001 at 12:46:25:
I ran an ad in the “For Rent” section of the paper that read “I will buy your house if you give me an option to buy”. Well, I have an out of town investor who has 5 houses for sale. They’re all rentals. He hates the management of these houses. He wants to partner on the properties. I recieve some cash flow, I recieve half the profits when it sales, and no money down. Is a lease-option ok or would anyone consider owner financing. Any imput would be appreciated. God it sounds so good I can’t believe it.
Phil