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Updated about 5 years ago,

User Stats

10
Posts
1
Votes
Jeffrey Smith
  • Specialist
  • New York, NY
1
Votes |
10
Posts

looking for the right investment idea to suit my situation

Jeffrey Smith
  • Specialist
  • New York, NY
Posted

So i was "driving for dollars" when i came across this property with a sign for sale by a realtor but decided to look up the owner and call him instead...When i did he explained to me that he was actually being forced sell or be foreclosed on...To add insult to injury the man has no family & is a paraplegic...I would really like to help him and what i came up with was "seller financing" or "subject to"... houses in the area like his are going for 325,000ish(zestimate $386,417),he owes $225,844 and they are asking $269,900...I am a "newbie" but i thought that maybe it would be a good way to help him help me in my first investment as well...House is a raised ranch with a legal apartment down stairs but the idea is that he wouldn't have to move, him pay me and perhaps rent out the downstairs... His time is ticking he fears and i'd like to help but i don't want to sink myself either...

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