Anyone have any offer/terms recommendations?
Hi,
I own a single family home rental property in Ohio that I live near. The property next to it is going to be sold. The price is approximately 128K. I would like to purchase this property and have it paid off in 15 years. I have about 30K that I can put down. I can charge about 1K per month in rent.
The seller has not listed the property yet.
I would like to purchase this without using bank financing and paying 200K or whatever (with interest) and closing costs, etc.
I don't really have any experience doing any deals so I'm not really sure what kind of offer/terms I could propose to the seller that would make it worth his while.
Does anyone have any ideas/recommendations?
Thanks in advance!