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Real Estate Deal Analysis & Advice

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C Martinez
  • Property Manager
  • Denver, CO
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35
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Seasoning

C Martinez
  • Property Manager
  • Denver, CO
Posted Oct 22 2008, 11:08

I need advice on transaction. I recently bought a home at auction. It was a great deal and in good shape. A family member was interested so I offered to sell it to them with very little profit. But we later found they dont qualify for a conventional loan. So now I'm stuck with it until its seasoned. They are willing to rent for 3 montsh but I'd rather get the capital back sooner. If we record the deed in their name will that help?

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