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Updated 3 months ago, 09/25/2024

User Stats

35
Posts
22
Votes
Butch Greene
  • Fletcher, NC
22
Votes |
35
Posts

7-8 unit, single building condo complex - Seller owns all units. Seller Finance.

Butch Greene
  • Fletcher, NC
Posted

Rented a condo on a trip. Aged, cobwebs throughout. Outdated units. All their AirBNB reviews are similar.  Asked the owner if he'd sell & he immediately said he'd consider owner financing.  I have a friend who buys townhomes, not condos who is my only potential buyer. He's not interested in condos.
All units in the building are owned by the same party. I pull up all units tax links on GIS, but no data attached.
 
What are the hurdles to locating a buyer?
Don't know enough to price/comp it out. Don't want to say too much with getting it under some contract or protecting my right to a finder's fee.   Still haven't "done my first deal".

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