Any Ideals On How To Purchase This Property
Any ideals? 1bd/1ba condo for 35k. Have had a contract on the property since 7/03. Tryed conventional fin, however, loan fees are almost 10% of the property's value. Too high.. Considered L/O but there's a new renter in the unit who's paying 435.00/month and after talking with owner his monthly costs are 360.00/month. Little room for equity build up. Owners pretty set on recieving 5-10 k to cover personal debt. This property is in a good area and with great future appreprication. Any creative ideal on purchase the property?
Just a thought....
You could talk to the owner.... see if the would do a cash out refi... they get their cash and you have your choice of acquisition from there... sub 2, L/O, contract for deed, etc....
just a thought....