Posted by Nathan(oh) on February 27, 2002 at 09:29:03:
I am coming off of deals like this as well and making them work has been a chore. IF you get it on a sub2, you can sell it via owner finance at a high interest rate, but lately it seems that I only can sell houses when the price is right and not inflated. Therefore, you might try taking back a second as well to get the payment higher, makes it sound more logical to buyer.
Another option from the get go is to see if the seller would take a discounted rent or pay part of the 2nd mortgage. I do that a lot and it gets the payment where I need to be.