holding a 2nd to sell house?? - Posted by RonVa

Real Estate Investing Real Estate Financing
1

Posted by James Harris on August 08, 2007 at 07:16:29:

Could you take over their mortgage and then Lease option the property out? You could very well hold a second, if that is your wish. Doing a LO may help sale the property sooner.

2

holding a 2nd to sell house?? - Posted by RonVa

Posted by RonVa on August 07, 2007 at 18:16:46:

I had a seller call me today and they have a house that is in great shape and they have about $50,000 in equity and all they want is the payoff as they can’t afford the payment.

I was thinking maybe I could do a option on this house and then sell this house quickly by holding a 2nd

Is this a viable idea in todays market??

Any ideas or help would be greatly appreciated!!

Ron