Help with possible deal, please! - Posted by TinaGA

Posted by David (Los Angeles) on June 21, 2004 at 21:12:06:

$120K for a house worth $132K isn’t really a deal if she wants cash. If she is willing to get her money out over time, you can probably put together a lease option deal. You need to talk to her to find out why she needs to sell quickly, how much money she needs right away, and what terms she might be willing to accept for the rest.

Help with possible deal, please! - Posted by TinaGA

Posted by TinaGA on June 21, 2004 at 15:05:04:

I’m sort of new to this, maybe you experienced investors can help me be “creative” in helping this seller. Here are the particulars:

New roof, refinished hardwood floors (lots of other new additions-very nice home)
asking $120K(reduced from $132,900)
She owns the house free and clear, and needs to sell quickly(which is why she reduced the asking price).
She is leery of real estate investors because she is afraid she won’t get her asking price. Homes in that area sell in the $130-$150K range, so I know this may be a decent deal-just not sure how to structure it. Lease option?

Any advise would be appreciated. I live in the Atlanta area…thanks!


Re: Help with possible deal, please! - Posted by Chuck Rosenberg

Posted by Chuck Rosenberg on September 06, 2005 at 05:14:08:

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