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Updated almost 10 years ago on . Most recent reply

User Stats

144
Posts
9
Votes
Everett Marshall
  • Bude, MS
9
Votes |
144
Posts

creative finance

Everett Marshall
  • Bude, MS
Posted

I have a property owner that has put 180k into remodeling her home and the house is still only worth 100k. She is willing to do a owner finance but her terms are not what I have read about.  She wants 50% up front, 25% in 30 days and 25% in 30 days after that. I'm not sure how to make this work for me. How should I go about making this work? 

Oh BTW I locked her other house up for 29,000 and it already has  a tenant in it paying 500 a month.  I'm asking 38,500 for it. 

Most Popular Reply

User Stats

423
Posts
293
Votes
Jackie Lange
  • Investor
  • Central America, Panama
293
Votes |
423
Posts
Jackie Lange
  • Investor
  • Central America, Panama
Replied

just because the seller says they put $180,000 in to the house does not mean it is true.

There is absolutely NO DEAL here.  

The seller is obviously looking for someone with more money than BRAINS.

PASS!

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