Would you do this deal - Posted by Brent

Real Estate Investing
1

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.

Good Luck,
Shawn(OH)

2

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.

FMV: 112,000

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?

Thanks,
Brent

3

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.