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Updated almost 10 years ago on . Most recent reply

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,425
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3,406
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Properties in decent area owned outright

Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Posted

I have a lead on a seller who has 4 homes in decent areas. They are rented conservatively but he is asking retail. I explained that his asking prices were simply unrealistic and that in order to purchase them he would need to come down on price. 

I then told him I would take a discounted rate with seller financing. 

Or that I would give him a price even lower then that as an all cash price. 

He is open to the seller financing. 

My thought process is: Get him down to 75% of ARV on seller financing. As the leases come up liquidate the properties at FMV. Potentially keep one of them owned free and clear by moving 3 of them.

Thoughts?

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