Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 17 years ago on . Most recent reply
Upside down and need to sell PLEASE HELP ME
Hello,
I have a SFH, two duplexes, and a triplex in Greenville SC area, and I'm working with a negative cash flow and I probably owe more than they're worth. I have no cash.
1) Can I owner finance a new buyer and continue to pay the existing mortgage monthly, or must I pay that off to do that?
2) Can I sell the notes to a private buyer, have him pay off the mortgages, and pay the noteholder the difference monthly on a private note between us?
OTHER IDEAS? HELP!