Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Gerald Cabalfin
  • Investor
  • Piscataway, NJ
0
Votes |
2
Posts

Structuring a deal for a listing offer

Gerald Cabalfin
  • Investor
  • Piscataway, NJ
Posted

I completed a rehab and have it listed for $460k. The deal was funded 85% hard money and 15% private. Buyer absolutely loves the home but can’t get pre-approved at the moment till her business has 2yrs of returns. They’re offering full ask price with $10k down, $2900 rent plus all utilities. My investors and I want to cash out tho. Obviously if a more conventional offer comes along, I'm taking it. Until then, I'd like to pick up and learn what my options are here for a creative solution. Lease option perhaps? Not sure if its a good idea with hard money. 

I was thinking of getting a friend to purchase it with a conventional mortgage, then leave that loan in place for a few years on an “Agreement for Sale” with first buyer. I get to cash out on the sale, but I don’t know how to make it worth it for my friend.

Any advice on structuring the deal to make it even more profitable? I might be missing a lot of pieces, but let me know what info you need and I can fill in.

Loading replies...