Seller wants to sell me property and rebuy the property back.

[Khanh Tran]

Hi,

There is a motivated seller contacted me today. He has a commercial property, which is scheduled to be foreclosed in the next few days. He has some equity in the property, and he wants me to buy his property and sell the property back to him via owner finance. What should i do? I like the property, and i think this property has the potential to appreciate in value. Should i attempt to buy the property and lease it to him? Or should i buy the property and resell the property back to him? If I resell the property, how should i charge him?

[Jason D.]

He didn't pay the bank, what makes you think he'd pay you?