Posted by John Kastrava on December 20, 1998 at 13:39:54:
I am no expert, but how about offering a lease option, or seller assisted financing with a 9% wrap and low down payment of 3-5k. With a low dn pmt you could probably sell for top dollar.
Just another possibility
Best wishes
JohnK(CA)
Re: Rent/Lease Option/Seller Finance - Posted by rudy-austin
Posted by rudy-austin on December 20, 1998 at 21:14:47:
I would sell on a contract with 5% dn and 12% interest only, a 1 yr baloon. Since you will tell them that you will only be the temporary lender they must cash you out soon. If they do not refi in one year they can extend for one more year for $1000 more and so on.