Vacant House! Buy, Don't Buy, Sell?
Semi-Custom House, with $180K loan and $1625 payments. Others selling $195-$205K.
I can buy sub to and sell L/O (I'm in TX). Seller will make next two payments.
Does it make sense to L/O at $205K with $8K down and rent payments of $1925 with $300 rent credit, and $3000 to renew for a 2nd year? Or, should I just try to sell now for $190K and go on to the next one?
Well, what do you think?
Gary-TX
Hi Gary:
If i had a deal like that, i would take the upfront money in my pocket and it is a lot=$8k.
ralph
Question is what do you think?
Can you sell it quickly at $190K?
Can you sell it quickly at $205K w/ an $8K downpayment?
Best bet is to offer both. Sell for $205K owner terms or discount to $190K for cash/buyer's own financing.
Roger
Thanks, ya'll. I am getting some great feedback and super directions.
Gary-TX