Will contract once...
Hello all, I have an owner who needs to sell. Its a 3-2 rambler in Luray Virginia. Current asking is 90,000. Down from 115,000. I value it at 80,000. Owner owns it free and clear. He is open to a principal only seller financing and a decent down payment with a five year term and a balloon payment or he wants 50% down, $500 a month for 8 years. Median rent is $850. Rent to own would be an option for an outside buyer. Basically its a "His price, My terms" situation. I may even up my cash offer as well. I'm willing to keep it or assign it to another. I am posting here to ask the help of the group to come up with some options to contract it. Thank you.