How Should I Approach This Deal?

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There is a home which appraises at 86k. The owner owes 50k, and would like 10k in Uhaul money. It's an FHA loan.

I don't particularly want to give her that much Uhaul money. What are some techniques that I can use to minimize the impact on my wallet besides asking her to take a second note?

Are there angles that I can approach that would talk that price down at all?

Comments(1)

  • active_re_investor11th April, 2004

    See the other post for specific ideas.

    Remember to offer no more than you want to offer and be willing to walk. In some cases the seller will come back to you later when they realize that your deal is as good as it gets.

    John

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