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Updated almost 8 years ago on . Most recent reply

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891
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
701
Votes |
891
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What would a fair offer be?

Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Posted

I have a note that I'm looking to buy - the property is in rural Nevada, so not a desirable area. Current balance on the note is $980k, interest rate is 6%, payments are $10k/month, 9 years left on the note, balloon at the end for the remaining balance, which I calculated is around 300k.

What would be a fair offer to buy this note? I'm interested in clearing the underlying debt on this property at a discount, but I have no idea what type of discount I should be asking for. 

-Christopher

Most Popular Reply

User Stats

891
Posts
701
Votes
Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
701
Votes |
891
Posts
Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Replied

Thanks :)

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