I am a realtor and wholesaler, and I get some buyers looking for owner financing, some sellers need/prefer getting cashed out and there are some lenders I work with who can provide the financing however they run out of funds sometimes.

You are paying 1k to have him as a potential buyer.

The number one comment from all potential buyers was the design.

I also wondered, during those 20%+ interest-rate mortgage days, did some segments of the market go 'no-bid' - in other words, did cash buyers have a very advantageous circumstance? 

;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

He believes that area where he will be buying the new homes is going to appreciate and attract more MTRenters, but now, the big difference is that he would now have 3 properties that can go up (or potentially down) in value, go up (or down) in rent, and three times as many vacancies to fill.My back of the napkin assessment is that for only a drop in $200 a month in cash flow, he would control a lot more assets with growth potential and as rents rise over the coming years, the combined rents will increase to a total more than the single rent.HOWEVER.

We meet in person next week.It sounds like they are looking for a buyer who will pay off their existing mortgage and they will help out from a seller finance perspective on the rest of the $699k purchase price.If they put it on the MLS< what would it sell for?

If you choose to go with a first time home buyer program, you would need to identify all the terms and advantage of that as MANY are available.

.- I prioritize building strong, professional relationships with my buyers by taking the time to understand their needs and goals.

I added value to the property by focusing on key renovations that aligned with the tastes of Hamptons buyers.