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Updated almost 10 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Jason Shaffer
  • Real Estate Investor
  • Beverly Hills, CA
2
Votes |
9
Posts

Creative investing

Jason Shaffer
  • Real Estate Investor
  • Beverly Hills, CA
Posted

Hi BPers,

Here's two situations...what are some options

Situation A:

I have a "lead" who has a 100k cash for an EMD to buy a 500|+k house now! Banks wont touch her, for the balance...she called the realtor and all he wants is to go by the books...she's a very motivated BUYER...I suggested Homeowner finance for her... I also said I would help her find PM to finance the rest (and maybe she can even put down less then 100k!...is there anyway I can profit from putting a PM and her together (perhaps a finders fee)?

Situation B:

KInda of similar...I have friend who is a (newbie agent) she came across a Motivated seller who is currently renting their house. The renters want to buy the house. The renters are her new clients...again banks wont touch these renters...Again I suggested Homeowners Carry, perhaps PM, and lease option for the renters....am I on the right track her for her?  And as an investor is there anything I can do in this situation other than buying the prop out right and re-leasing it to the current tenants? PS apparently this house needs some renovating on the roof...waiting for some renovation #s from my friend.

Thanks...

J

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