Posted by Shawn J. Dostie on August 22, 2003 at 13:51:05:
Do you have a T/B lined up with the money? Can you afford to carry when the T/B flakes out? Is the true FMV $112,000.00 or is that a guess. If you have a good T/B er that can refi in 12 months, it’s a no brainer.
Would you do this deal - Posted by Brent
Posted by Brent on August 22, 2003 at 12:31:01:
I can L/O a 3/2.5 property and sandwich it with another L/O.
Here’s the details.
Purchase price: 105,000
monthly rent to owner: 780
Option consideration: $10 (4 year option)
I sanwich with another L/O
Purchase price: 112,000
monthly rent to me: 975 (none goes toward purchase credit
Option consideration: 3,500 (1 yr. option)
Would you do this deal?
Re: Would you do this deal - Posted by Tom PA
Posted by Tom PA on August 22, 2003 at 21:04:59:
If current FMV is 112,000 then the price you sell at should reflect the FMV at the end of the year. Depending on your market say around $120,000.