Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

21
Posts
9
Votes
Jeffery Leroy
  • Rental Property Investor
  • Brooklyn, NY
9
Votes |
21
Posts

subject to deal, should i pay seller profits?

Jeffery Leroy
  • Rental Property Investor
  • Brooklyn, NY
Posted

thanks for hear me out.. adding the seller recently lost their spouse.

these are the round numbers for the sake of the detail. they're selling a duplex for 70k, owe about 40k and will make about 30k in profit, the property is valued at 110k with no repairs needed and two tenants paying on time $1100 total per month.

should i pay them their profit of the 30k (or part of it) keep their current mortgage which they've had for about 20yrs with low payment and interest? or get a new 30 year vs their 10 yrs left on current..

Loading replies...