Posted by Lin (OR) on September 16, 2004 at 12:03:04:
Have you talked with the seller? I can’t tell how you discovered the property was for sale. Find out what why they’re selling, and what they need to have happen, and figure out how you can make it happen, using the resources you currently have. The good news is: your resources include other investors who do have the ability to do a deal, if there is one here.
Anyway, you next step is to talk to the seller, find out if they’re motivated and are flexibile on price and terms.
I think you’ll get more responses when you have more pertinent information to report.