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Updated about 10 years ago on . Most recent reply

User Stats

77
Posts
47
Votes
Don Coumbs
  • Flipper
  • Cheney, WA
47
Votes |
77
Posts

Is this an Opportunity? Any advice?

Don Coumbs
  • Flipper
  • Cheney, WA
Posted

A reoccurring theme on the podcast and the forums is networking...

So my barber is looking for a place to buy around my town, in Eastern Washington State.  The problem is no credit/bad credit.  They are looking for an owner carry deal on a place with a few acres.  Their cash flow is fine and I would like to help.  I also wouldn't mind turning a profit. 

Any ideas?

I could buy a place for cash and hold the contract, but that would tie up all my money and take away from my main deal which is buying and rehabbing  places to rent.  I thought about selling the contract, might that be a solution? Remember, there is a credit problem.

It seems like this is the kind of thing I always read about people turning into a good deal, but I am just not feeling very creative.  Maybe this would make a good topic?

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