Updated about 9 years ago on . Most recent reply
Seeking Advice for First Potential Deal
Hey guys and girls,
I have a quick question for you all. I live in a condo and the unit above me happened to have a leak, after speaking with the landlord, I received some news.
1.) He lives across the country
2.) He is looking to sell within this year and offer me something off the market
3.) He mentioned his current mortgage and rent rates are roughly break even
My question to you guys is how would you suggest I approach this offer? It is a condo that is directly above me, which makes it easier to manage. Would seller financing be an option appealing for both of us? Conventional? Or how would you guys approach this scenario?