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Updated almost 8 years ago,
Buying rental property
Greetings BP,
I have a seller who is looking to sell their property in the olney area of phila. The property needs minor cosmetics and has tenants paying $850 a month. The seller stated she is not taking a cash wholesale price and still have an existing mortgage in place asking 60k for the property. How should I look to structure the deal if there is a deal at all? The seller has another propert next door that is willing to sell as well. Could there be a deal if both properties was brought at the same time?
PLEASE REPLY. ALL FEEDBACK IS WELCOME AS I AM A NEW INVESTOR/WHOLESALER IN THE BUSINESS.