Jump to content
The forums have been archived and are now read only. Years of great info saved for your reading pleasure. Thank you! Visit us on Facebook: https://www.facebook.com/NakedInvestor/ ×
The Naked Investor Forums

Seller needs more than home is worth

Recommended Posts

Hey everypne it sure has been quiet on the forum lately


Looking for good advise on this call I received yesterday, hope you folks can help


seller was quite cooperative when I returned there call and I felt like I wanted to try and see if I can help them out


They asked for advise on a lease option as they are thinking of renting a real nice home they have in a good area.

Price asking is 200k worth about 181

they asked if I thought a 3-4 yr option would work and I was not sure if it would help

Several people wanted to rent it (of course)


The mortgage payment is $1600 per mo. and is from what realtor said is in line with the area


They were quite nice and I think if possible I could do a c/a l/p, if it would work with an extended term

Any help appreciated on this one


Share this post

Link to post
Share on other sites

The first question I have is why are they asking $20K above value?

Can you do a long term deal, say 4 or 5 years? Sure. But the problem will be finding a t/b who is willing to gamble whatever option money they put down that values will increase during the agreement period.

Share this post

Link to post
Share on other sites

  • Create New...