Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Wholesaling
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 almost 16 years ago,

User Stats

26
Posts
0
Votes

Should i do this deal, URGENT response needed

Lawton Michaels
Posted

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?????

Loading replies...