i have found a seller that has a balance of balance 115 FMV 140 seller 5K cash for equity rent comps 950 Great deal! Just how do I excute the transaction? :-x
First and foremost you must have a clear understanding of your exit strategy. There is much more information that is needed to really help you with your execution. Do you plan on doing a short sale? Can you pick up the property Subject To? Please provide us with this information to start with.
If you are going to pick it up subject to then you will want to make sure that the monthly payments and additional expenses that you will incur are worth it. If you stand to make a positive cash flow if your exit strategy is to rent it then that may work. If your plan is to do a quick sale then make sure you have a great plan to close your deal within the next 30 days. Sounds like you are just getting started in the business. If so take some time to put together your gameplan and how much of an investment it is.
Comments(0)
First and foremost you must have a clear understanding of your exit strategy. There is much more information that is needed to really help you with your execution. Do you plan on doing a short sale? Can you pick up the property Subject To? Please provide us with this information to start with.
Not a SS, but subject to would be a great way to proceed.
If you are going to pick it up subject to then you will want to make sure that the monthly payments and additional expenses that you will incur are worth it. If you stand to make a positive cash flow if your exit strategy is to rent it then that may work. If your plan is to do a quick sale then make sure you have a great plan to close your deal within the next 30 days. Sounds like you are just getting started in the business. If so take some time to put together your gameplan and how much of an investment it is.