structuring this deal - Posted by Sue

Posted by investor on September 16, 2004 at 17:59:31:

Sue, Email me at looseintern@aol.com.

I may be able to help you.

structuring this deal - Posted by Sue

Posted by Sue on September 16, 2004 at 15:36:46:

I called on the owners of a 5-unit bldg which is offer for sale at $199k firm. The 5 units are presently rented. Total rents totalling $2k per month. The mtg bal. is $127k. The monthly mtg is $1300.00 property/water tax included. The fire insurance is $1300.00 per yr. I don’t have any cash as such. Could get a small amount I suppose. If I wanted to try and get them to lease option the property to me; what do you suggest I offer them? The property is a bit of a bother because of the distance from where they live. It’s a beautiful property.