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Updated almost 4 years ago,
Off Market Opportunity - Advice on Which Strategy to Pursue
Hey BP community, seeking advice on which strategy to pursue with an off market deal I came across. The individual is looking for a quick sale under market value planning to list (if listed) at $175k, the comps came out to about $220k-$240k. House is in great condition, if anything just outdated interior design, could use some new paint and remodeling. Running the numbers to see what would work best, seeking to creatively finance as I don't have enough cash to buy outright, or worst case, carry a second mortgage. The options I am reviewing are wholesale, lease option, or partnership to buy and hold for rental property. Market is hot in the area and a lot of rentals on the street, so believe any option is very feasible.