Updated over 11 years ago on . Most recent reply
Need Some Advice
I have bought and flipped 3 houses in the last year, and have come upon a deal that I want to buy to hold. The owner will consider financing it for me. He rents it out and it has a current renter, but owner has moved out of the area and has no time for it. The asking price is $25k. How do I go about this? I would like to have it in my name so that I can re-finance to a regular loan in 2 years and pay him off. How would you present the deal to this owner so that it makes sense for us both?