Updated almost 11 years ago on . Most recent reply
He wants to hold the note...he said make an offer. Here are the #'s what offer would you make if any??
I'm posting this here to get some good ideas on how to structure this. I'm on the fence, but you decide. This should be fun :)
Location: Palm Harbor, FL
1/1 Condo (I know most are out already lol)
Insurance: $897/yr DP3
Tax: $625/yr
HOA: $241/mo
Repairs- paint only
Tenant in place rents: $690/mo
Most Popular Reply
Tell him you'll put down $5K and then pay him $100/month for 10 years.
That's essentially $15K purchase price with $5K down and $10K amortized over 10 years at 4.5%.
He may not be interested, but who knows, maybe he'll jump at it... :-)