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Updated almost 7 years ago on .

User Stats

15
Posts
1
Votes
Curtis Hummel
  • Investor
  • Toledo, OH
1
Votes |
15
Posts

Can I structure a decent deal to be great?

Curtis Hummel
  • Investor
  • Toledo, OH
Posted

Hello All!

I need some creative finance advice. I've got a seller who has a 2 bd 1 ba in the Beverly school district (43614) whose willing to do no money down, 10 year term with a $49,000 PP. ARV is somewhere between $65,000-$75,000 (seen 1 comp at 82k) the AS is value of the property is roughly $62,000. My game plan would be find a buyer whose willing to do $10,0000 down, $650 a month (maybe someone with bad a credit or wont qualify for a bank loan?). Therefore, I'd sell the property AS IS make 10k upfront and cashflow $150 a month without having to do anything.

Does my game plan make sense or would you do something different?

Thanks guys.