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Updated almost 16 years ago,
Should i do this deal, URGENT response needed
Ran across a deal where the owner wants to hold the note. I can afford the monthly payment, but it will be TIGHT. The taxes on the property is kinda high. The catch is the owner will not give me the deed until after 6 months of on time payments. Now, i could get the property and: rent it out? put it up for lease option for a year? wholesale it after 6 months (right around the time the taxes are due) or have a investor pay the 6 months upfront so that i can get the deed now. There is over 100,000 equity in this place. Like i said, if i get it, if i carry the note its gonna be tight. What should i do?????