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Updated over 1 year ago on . Most recent reply

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2
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Jerinico Batac
  • New to Real Estate
  • Sterling, VA
0
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2
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How to structure this deal

Jerinico Batac
  • New to Real Estate
  • Sterling, VA
Posted

Hi,

My aunt recently had told us that she's planning to sell her property in the next year so she can move to Maryland and be semi-retired. I've looked at her property and it seems like it could be a good rental deal bringing in 1% of rental income relative to its market value. I just need to know what's the best way to structure this deal if I would approach her of the possibilities. 

She might need some money but not necessarily all of it. I believe she has about 80% equity of the value of the house now. 

Should I ask her to owner finance?

Should I set up an LLC to purchase the house?

I just want to make sure that it's a win-win for both of us. I'm not looking to take advantage of her, otherwise we'll just sell to the highest person we can sell it to. Thank you!

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