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Updated almost 11 years ago on . Most recent reply

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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
345
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760
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Help me structure a deal

Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
Posted
I have a motivated seller with a house that's worth about $70k looking to sell for $50-$55. Not really a lot of room for a flip or a wholesale. There is zero debt on the property. What other strategies can I try here? I'm thinking about possible owner finance and then rent it out but seems like a lot of hassle just for a couple hundred dollar spread per month. Is a lease option the same thing? Any other plays here? Thanks for the help.

Most Popular Reply

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Manny Cirino
  • Real Estate Agent
  • Winter haven, FL
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Manny Cirino
  • Real Estate Agent
  • Winter haven, FL
Replied

Hi Derek,

A master lease/option would be similar to owner financing because you would have the right to sublease the properties and still make those few hundred. Even though it is just a few hundred today it will be even more tomorrow. $150 cash flow today & $700 unearned income potentially for the rest of your life, kids and grand kids life tomorrow.

Do you have any additional information beds/baths sq. ft. repairs etc...

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