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Updated over 1 year ago on . Most recent reply

User Stats

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Sandor Lau
  • Investor
  • Vancouver, WA
5
Votes |
10
Posts

Seeking Creative Finance Disposition Help for SFR in Mesquite, TX

Sandor Lau
  • Investor
  • Vancouver, WA
Posted

Out of state owner looking to sell home in Mesquite, TX (near corner of Ripplewood Dr. and Salerno Dr. for reference) for higher price through creative finance. 

Open to:

--Seller carry wraparound (with my current 1st and 2nd loans in place). 

--Lease-option/rent to own. 

I am thousands of miles away in Vancouver, WA. 

Need someone with experience and boots on the ground to manage the process: advertise, show, vet buyers, manage closing paperwork. 

Could be a realtor or other vendors who want to earn a fee for the service. 

Home was originally 4/2 but converted 2021 to co-housing with 3/7. Ideal for large family, multigenerational living. Mesquite is strict on code enforcement not allowing more than 4 unrelated parties to rent the same unit. 

I'm moderately experienced in subject-to (had approx 6 over last 9 years), but this will be my first time as a seller with the underlying loans in my name and more of the risk on my credit. Love to hear from you. 

Most Popular Reply

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3,932
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3,393
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Joe S.
  • Investor
  • San Antonio
3,393
Votes |
3,932
Posts
Joe S.
  • Investor
  • San Antonio
Replied
Quote from @Sandor Lau:

Out of state owner looking to sell home in Mesquite, TX (near corner of Ripplewood Dr. and Salerno Dr. for reference) for higher price through creative finance. 

Open to:

--Seller carry wraparound (with my current 1st and 2nd loans in place). 

--Lease-option/rent to own. 

I am thousands of miles away in Vancouver, WA. 

Need someone with experience and boots on the ground to manage the process: advertise, show, vet buyers, manage closing paperwork. 

Could be a realtor or other vendors who want to earn a fee for the service. 

Home was originally 4/2 but converted 2021 to co-housing with 3/7. Ideal for large family, multigenerational living. Mesquite is strict on code enforcement not allowing more than 4 unrelated parties to rent the same unit. 

I'm moderately experienced in subject-to (had approx 6 over last 9 years), but this will be my first time as a seller with the underlying loans in my name and more of the risk on my credit. Love to hear from you. 


 There number of investors that would be interested if you was making them a good enough deal to buy it. I know I would. 

If you’re looking to sell it for top dollar to homeowner, I would suggest finding a realtor that’s familiar with wraps. Keep in mind though they’re going to want a commission that might be as much as your down payment.

  • Joe S.
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