Another deal for you all to look at..
I got a call two day's ago from a lady who was very frantic. I had given her boyfriend a business card several months ago so she gave me a call in order to git rid of her rental home.. She is not a LL by choice and she is experiencing the bad side of the business.
She wants 50,000 for this 3/2 home. Current rents are 400 and it has a new roof and a super high efficiency furnace. I checked the home out this afternoon. Later I called her and offered 25,000.
Well this wasnt what she wanted to hear. She talked about coming way off the 50,000 price but not this low.
So I am wondering where to go from here.. I really want to buy this on a contract, the home is paid off. She wants more money than I offered and is thinking of going to South America in a couple of years.
My thought is to make a new offer to her buying it on a contract with a two year balloon. With the rents only being 400.00 a month what would you suggest that I use as an offer.
I am open to creative ideas here.
Thanks Travis