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Creative Real Estate Financing

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Aaron R
  • Real Estate Investor
  • Spokane, WA
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28
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Would you assign this or just avoid a possible headache...

Aaron R
  • Real Estate Investor
  • Spokane, WA
Posted Oct 22 2010, 11:14

A man contacted me from one of my adds and here’s the deal.

He has an assigned contract from the owner for $124k...

He then has it lease optioned to a couple occupying the property with a price of $155k on the contract...

The option is coming due and the couple cant get it financed...And he cant pay off the mortgage without them getting financed...

What would you do?

The average comp in the area is $150k and in a good part of town.

Get him to assign you the contract, put it on MLS and try to make a couple grand?

Run away, far away?

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