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Updated almost 9 years ago,
Creative investing rental subject to refinance option's help
need good advice, this is the situation ready!!
Couple Own's a small business that they live above and plan to refinance there business loan in two years, now this is my part I can't figure out
They bought a house 05' for way to much still owe quit a bit on the note, they want to get it sold before they refinance there business loan. He has lested multiple times, nothing to high! So he just wants the note paid off and it sits at market value, nothing I can do with that unless I leas with option to buy in two/three years or 'subject to' with same time frame so I can get the not down enough to wholesale for a decent pay out.
This goes against there situation by a year so is there any better ave. To go down that allows them to refinance the business and buys me time to work with this property to make something off it and still help them out or is this a dead end deal and I should side step this one ? Thanks Westen