đź—ŁPLEASE HELP! OWNER FINANCING
Hello! Thank you for taking the time to answer my call of distress🙏
My relative owns a rental property that he is trying to sell. He owes $90k and it’s worth around $130k. The property has a tenant in place for the last 5 years and is paying $1100/mo. The tenant maybe interested in a lease to own type deal as well.
How can I leverage this situation into my benefit? I would love to buy the property myself and either continue renting it or work something out with the tenant that is beneficial for us both but I am currently trying to purchase my primary residence at the moment and don’t have the purchase power for both. With my relative trying to sell ASAP but also willing to help what can I do?