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Updated over 11 years ago,
4-unit building
I have a quad where I owe more than it's worth. I would come to the table with $25k to move it if I could. I do have a 5.5% note for 30 years (almost 8 years into it) though. Is there a way to do some creative financing through a sub2 or lease option or something like that where the note would not be called due. Something like him buying it from me, and we wrap the note with a 7% interest rate and a lower price. I'm okay if the wrap doesn't 100% cover my note. Just trying to get creative here!! Any thoughts?