I have a seller with 3 properties to sell. If we can purchase the first one, I think she will sell the other 2 to me as well. Here is the problem I face. She wants to sell the property and cash out here equity and then lease back the property for a 3 year term. Is there a deal in here to be made? Homes in this area are going for $390/ft. If I did not provide enough information just let me know. Thank you
Need the following to start:
1 - All the AP's for the three properties
2 - All the ARV's for the three properties
3 - The Lease Back terms she is requesting (int %, length of LC, pmts, balloon payment, pre-paymt penalties,,,if any)
@Joe Villeneuve OK will get that right now.
@Account Closed Understood. Thank you.
Property 1 ARV $800K
Property 2, ARV $800K
Property 3, ARV $440K
I am going over there tomorrow to get pictures and will discuss the lease back terms then.
@Joe Villeneuve Could not send AP number. I sent over an introduction email. I can send over the information when you respond.