Is this an Opportunity? Any advice?
A reoccurring theme on the podcast and the forums is networking...
So my barber is looking for a place to buy around my town, in Eastern Washington State. The problem is no credit/bad credit. They are looking for an owner carry deal on a place with a few acres. Their cash flow is fine and I would like to help. I also wouldn't mind turning a profit.
Any ideas?
I could buy a place for cash and hold the contract, but that would tie up all my money and take away from my main deal which is buying and rehabbing places to rent. I thought about selling the contract, might that be a solution? Remember, there is a credit problem.
It seems like this is the kind of thing I always read about people turning into a good deal, but I am just not feeling very creative. Maybe this would make a good topic?