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Updated over 15 years ago on . Most recent reply
![Nick Furlough's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3264/1621346581-avatar-rienickf.jpg?twic=v1/output=image/cover=128x128&v=2)
Need a Solution
I need to get $135k out of this property to break even. My buyers can only get approved for $127k. They are willing to pay the $135k just have no means to do so. They have tried to gift, borrow, up the mortage and nothing works. I really need to get this property moved. What are my options? Can they sign a promissory note for $8k and not disclose to the bank? I dont want to lose this deal over 8K but my original asking price was $159K. I have no more room to move. Any advice is greatly appreciated.
Holding costs are $600/mo
Thanks!
Nick