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Updated almost 12 years ago on .

User Stats

53
Posts
6
Votes
Billy W.
  • Real Estate Developer
  • Los , Angeles
6
Votes |
53
Posts

What are some creative ways to make this a deal?

Billy W.
  • Real Estate Developer
  • Los , Angeles
Posted

Hey,

I found a lady (Call her Sarah) who is desperate to sell her rental home.

Here is the rundown:

-Sarah owns a 4bd 1bath SFH in a C neighborhood
-Sarah owes $75,000 on the house, and the house is worth maybe $65,000
-The house has been occupied for several years by a couple paying $850 month
-The couple wants to buy the house, but they have bad credit
-The couple pays on time
-House is updated and kept up

Is there a creative way to make this a deal? Have her go a short sale route? Have her make up the difference? I could sell the house on a note to the couple?

Any suggestions from you seasoned investors?