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Jeffery Leroy
Pro Member
  • Rental Property Investor
  • Brooklyn, NY
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21
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subject to deal, should i pay seller profits?

Jeffery Leroy
Pro Member
  • Rental Property Investor
  • Brooklyn, NY
Posted Nov 12 2019, 09:03

thanks for hear me out.. adding the seller recently lost their spouse.

these are the round numbers for the sake of the detail. they're selling a duplex for 70k, owe about 40k and will make about 30k in profit, the property is valued at 110k with no repairs needed and two tenants paying on time $1100 total per month.

should i pay them their profit of the 30k (or part of it) keep their current mortgage which they've had for about 20yrs with low payment and interest? or get a new 30 year vs their 10 yrs left on current..

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