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Updated over 6 years ago on . Most recent reply
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How would you structure this deal in this situation?
So my coworkers son found a new job and is leaving to another city, he currently has a house that he still paying. My Coworker(Mother) is taking care of it. So I haven’t mention anything to her but I want to least give it a shot and come up with a win win solution. So what she has told me that it’s been in the market over one month and still no offers( it’s in a decent area) possibly no offers b/c it’s a 2 bed 2 bath .anyways I believe the mortgages was 170k and has about 85k in equity. Let’s just say they are not very motivated but just want to sell. Maybe if I come in and offer them a different route to go about it I possibly can make some $$. So currently it’s in Texas so I though of doing a subject to And then owner finance it to someone. Lease option is only 3 months max here but I don’t want to be a landlord either so what do you guys think ? How would you go about it ? If you need anymore info let me know I’ll do my best to answer it lol