Creative deal structuring help needed
I have a meeting tomorrow with a lead from one of my yellow letters, sent to an LLC actually. Turns out the guy owns 4 multifamily units, I would be interested in purchasing 3 out of the 4 but I simply do not have the funds to do so.
What type of deal could I present that would seem appealing enough to have him sell me the properties without listing them on the MLS? He has stated that he wants out of the business but doesn't seem desperate to sell.
I came across a similar thread from about a month ago and a few people suggested "terms" and "quit claim", neither which I am familiar with. Would offering subject to on something liken this be crazy?
Sorry if this sounds jumbled, I'm not even sure what questions to ask to get this going.