Wholesaling / Creative Finance Question

[Olusola Abitogun]

I need help guys. I have a house under contract. Owner is a 70+ year old investor and just trying to offload the house.

• Triplex investment property. 3 Bedroom/unit
• Fully rented out. 2 of units are Section 8.
• Price is $250K.
• Positive Cashflow
• That price is close to the retail value (Zillow & iCOmps).
• The house can appraise to $325K (just based on recently sold house in that area and income)

I am having a hard time marketing this house. (I posted some groups and craigslist)…

As an investor, how would your market this house?

Are there any creative types of finance that I can use to acquire this house myself? And then sell later or Hold on to it. I don’t have potential down payment to straight up buy the property..

[Brian Garrett]

This is a bit confusing because you stated:

- The $250k price is close to the retail value

- The house can appraise for $325k

These two statements contradict one another.

That $75k spread could be the difference if it's a deal or not.