If your buyer only has the 3k and needs financing, the deal could be structured as a "subject to" purchase where the seller's loan would stay in place and your buyer would make payments on the seller's loan.All of the money exchanges hands at the closing and through the escrow process, performed by a title company or closing attorney.

A good option agreement has every word of a purchase agreement without the default matters related to performance and sets a date to notice of taking the option and a date estimated to close, such as 30 days from date on notice.

A good buyer is one that performs the transaction in a timely manner.

I can't perform my own calcs to see what percentage of annual expenses they are claiming.Sometimes when I call it is really laughable like 28% or something.

Plus, when we sell our rented units off, we do so with a 3-year warranty on all of the work we performed.

The reason I would like a 2nd as opposed to joining the title is because I want the opportunity to foreclose on that second (paying off the 1st) after 6 months if contractor doesn't perform as expected.

This one may be an exception, but the ones I have seen so far have been landlords trying to dump non-performers off on some sucker at an inflated priceThe area is great for SFRs.

That's not prudent, especially for a non or poor performing asset.

Another buyer might have a different strategy in mind where they see current non-performing value at 1.2 million EURO.

Greg,I know cap rate is an important measure on how a property performs.