Updated almost 11 years ago on . Most recent reply
First deal.. I think
I am thinking about finding properties and negotiating the price down by 10K or 20K by offering cash for the deal. If the owner is willing to drop the price that much I will go to a private investor and bring them the deal in return they will sell me back the deal at a little less than market value on terms of them owner financing the whole loan amount and pay closing costs. I pay absolutely nothing upfront. So they make money on the sell and on the length of the loan. Plus I will pay a higher interest rate to them and by owner financing they will limit there tax burden.
I think this is a good idea ( or a win/win for the investor and I ) but I am very new to this industry and I am sure there is a lot of holes or flaws in my idea so any advice would be GREATLY appreciated.
Thank You BP community.....