is there a deal here? - Posted by adam

Posted by adam on November 21, 2005 at 13:48:42:

i looked up the tax records and he did refinance at 88k a few years ago. what do you think?

is there a deal here? - Posted by adam

Posted by adam on November 19, 2005 at 15:33:42:

hey guys, i got a call from a seller who has a pretty nice 2br/1ba house in nice area. it was appraised for 124k. he is asking 110k. his payments are $850 month, so there is no room for a lease option. he bought the house back in '86 for 54k so he has some equity.

im not sure of what creative ideas i can come up with here. i know i can either get him to be flexible with price or terms but im not sure what would be the best way to structure a deal here. thanks!

Re: is there a deal here? - Posted by brandoncbsre

Posted by brandoncbsre on November 20, 2005 at 06:11:26:

You sure he has that much equity? $850 a month is a good size mortgage. I’m sure he has refinanced and pull quite a bit out.