Posted by phil fernandez on December 03, 1998 at 14:21:05:
Terms will sell your duplex fast. If you are not in a sellers market or the property is in a less than desirable neighborhood, you could be waiting quite awhile for an all cash sale.
From your post it appears that you need $32,000 cash out of the deal. Why not advertise the duplex with owner financing, such as $3,700 down, create a 1st of $29,600 and a 2nd for $3,700. Sell the $29,600 1st to a note buyer for your cash and keep the 10% 2nd.