Chicago, IL · Member since 2014 · 31 posts · 4 votes
I have a motivated seller who didn't accept my offer, but called couple days later saying that the bank was going to lower his mortgage. What should I do? Is this a deal?
You're asking in the mobile home forum. your deal is under water by alot. Assuming rent is alot more than monthly mortgage payments which I douibt, the only deal I see is 3 yr lease the house with an option to buy at the unpaid balance of the mortgage. Put a rent to own buyer in the house and in 3 years you might make some equity and you keep the difference.
On the surface seems like no-deal.
Learn about marketing to nice houses with yellow letters. Find more deals. Toss most since they are duds no deal. It's a volume game.