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Updated about 6 years ago on . Most recent reply

Ashley Moniq's profile image
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Ashley Moniq
  • from Georgia
  • Member since Dec 6, 2018
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Ashley Moniq
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Ashley Moniq
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Lease Option or Owner Finance?

Ashley Moniq
  • Georgia
Posted

FSBO. They're moving to another city Dec 22nd (in 1 week).

ARV = $140k

Priced at $120k

Per the owner, the house needs updating and cosmetic work (they have small children).

What is the best option here? They're not willing to go lower than $120k.

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Joe Villeneuve
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Joe Villeneuve
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Based on the Title of this discussion, combined with the minimum $120k AP from the seller, I don't think either of the options you are looking for (LO or OF) are available.

Have you asked the seller if they are interested in either yet?

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