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Updated over 9 years ago on . Most recent reply

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298
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Tony Velez
  • Hvac
  • North Haven, CT
79
Votes |
298
Posts

Wow! I just met the fastest talking..,

Tony Velez
  • Hvac
  • North Haven, CT
Posted

I just finished a sit down with the fastest talking person I've ever seen! He's trying to get rid of bad debt. Office building won't sell on mls asking 995k because 3 out of 4 tenants leases are up soon. Unit is probably worth 995k fully occupied. He's asking 650k with 65k down payment he will carry the note. And he will through in another property he has. Wants to get off his books. A building with one tenant a well established bar. But the bar may be closing because the owner needs extensive surgery. Nothing down asking 360k he will carry the note. Plus he will throw in a duplex. He lent his money to buy. But the friend owes back taxes and has to evict tenant. Tenant won't leave so his grind deeded it back to him. He wants no part of it. Value of duplex is 80k. He will throw this deal in for 55k no money down. He will carry the note. Lol

I walked away my head is spinning. I originally called the guy about the duplex for sale. 

If anything it was very educational. 

Tony V

Most Popular Reply

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2,317
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1,910
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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
1,910
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2,317
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Gino Barbaro
  • Rental Property Investor
  • St Augustine, FL
Replied

@Tony Velez

Hi Tony,

Maybe he was frequenting the bar a bit too much.  I would run.  You're going to go to closing and some impossible issue will appear on the title report.

AT least you can laugh about it

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