Updated about 11 years ago on . Most recent reply
Creative Financing Deal
I have a deal in Canal Winchester/Columbus Ohio that is a 3 bedroom 2.5 bath 2 story home in good neighborhood built in 1996. The owner owns it free and clear. He is open to any ideas i can come up with to finance this property. He is asking 72k wholesale its worth 115k retail. With 15k in repairs. He is even willing to let me pay for repairs no money out of pocket to buy house with a first mortgage note as security and when we sell property we split profits. Could i possibly get a loan or something and make them first lein holder or and just pay them back when house sells?