Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

Account Closed
  • Investor
  • New york
0
Votes |
17
Posts

Is this strategy valid?

Account Closed
  • Investor
  • New york
Posted

I have seen a scenario where a buyer put a property under contract for 70K but decided during Due Diligence wasn't going to buy it so ends up assigning the property, here's how it looks -

Property under contract for 70,000 and the buyer listed it for 100,000 with 30% owner financing. Found a buyer and payed the seller the full amount and holding a private mortgage for the rest.

Does anyone see any problems doing this?

Loading replies...