Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Questions about creative financing, lease with option to buy
Hello everybody my name is Kim Douglas and I have a question about a potential deal. I am a new real estate investor and I have someone bring a situation to me regarding a house they want to buy that I'm not sure if I can make a deal or not. They are trying to purchase the home that they are currently renting which is on the market. The sellers are financed and they're ready to close but when they did the last final check additional debt was found and they have to pay over $5,000 in order for the loan to close. I was thinking about doing creative financing for this deal potentially offering a lease with an option to buy. I spoke to the tenants who would like to buy the property. I have not spoke with the sellers yet. I wanted to ask the question first. Can I help them and somehow make this deal work? Any helpful advice would be greatly appreciated. Thank you so much.