Hi Bill, Well this is my first post, new member over here! I had to edit my first reply because something hit me while enjoying a P-Nut butter and banana sandwich. It appears to me your client may need to sell for down payment money. I would say he is very motivated! I can see two things to leverage this deal your way: 1. The seller is buying a new home, so he may want to eliminate a double mortgage. 2. He is closing in 6 weeks, there could be money issues for a down payment on his new home. Find out what kind of financing he is getting on his new home, if its conventional; he is definitely wanting down payment money. Make your offer as such: Offer #1: If you give him cash for his home and close within 7 days, would he consider selling his home at $175k. Depending on how much is owed on the property he may take it. For example, if he has a remaining $135k mortgage on the property he will walk away from the closing table with $40k, which is great for a down payment. Have an investor put up the funds and split the profit! Offer #2: Sandwich Lease the property and offer to pay up to $100 in maintenance if he is willing to sign a 48-60 months lease. Have the T/B pay a 5K option consideration and apply a small portion of the monthly lease for rent credits. If he needs a small amount of money to pay for closing or repair his new home, offer him $2500 of your option consideration. Whats the worst? You make $2500K and a income stream off the property and he moves on to his new home. Good Luck
