i am looking at a property here in NH and am wondering if there are any creative ways for me to get this property.
he has 240k on his mortgage
he wants to sell asap due to a "nasty divorce"
What is he willing to sell it for? Based off that you may not have enough equity in the place to make it worthwhile
thats kind of what i figured. wasnt sure if it was worth doing a RTO or something
With low equity you can do the following, subject to existing financing, lease option, Master lease, wraparound mortgage.
P.m. me if you need some information about any of these
This post has been removed.
no way. Don't even think about it.
Lots of missing information in order to really assess, but based solely on what little info is provided it better be a smoking hot neighborhood and a no-repair house AND a highly motivated seller. You would likely end up finding creative ways to keep from writing checks every month. Be very careful or you might make the seller's problem your problem.
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!