Appropriate solutions?Seller fin.Subject 2. L/O - Posted by Steve(Conn)

Posted by JohnBoy on July 18, 2001 at 13:08:14:

It mostly depends on the seller. If you can get the deed then get the deed. If they have a problem with that then fall back on getting a L/O.

If they have a lot of equity where you would be getting the deed and needed to pay the seller something for their equity, then you can either pay them cash for it or get them to carry back a note for that amount and make them payments on it.

It all boils down to what the seller will go along with and how the numbers will work as to how you take the property and sell it.

If a L/O would require higher rents that the market could bare, then getting the deed and selling on contract may be better to generate a higher payment from your buyer than what you could get from leasing to them with an option.

Every deal can be different as to what may work or not and what you can get the seller to agree on. It just all depends on the deal and how the numbers will work as to what options you will have to structure the deal.

Appropriate solutions?Seller fin.Subject 2. L/O - Posted by Steve(Conn)

Posted by Steve(Conn) on July 18, 2001 at 12:37:37:

Just wondering if people can tell me if there more or less a recipe when its appropriate to either use a L/O, Seller Financing or Subject to. What Im asking is that say if theres alot of equity, or not too much equity in a property, or if the loan is assumable, etc. Not asking for a cookie cutter formula but just wondering if certain situations would call for one more then another?