Wholesale property in Palm Beach Needs buyer

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Very interesting situation. house is selling for 479k. House is worth now 650k needs 50k rehab to bring it to immaculate condition. After that it's worth 750k. The house is not falling a part. It just needs updating. It also has a guest house that is rented at way below market at 600 per month. Very hot area East of Dixie Highway. No negotiating, seller will hold mortgage for 7 yrs, then it will balloon. Pre payment penalty of 10%. Owner financing will depend on credit worthiness. Anywhere from 6-10%. Owner will only selll through me or my broker. Yes, this is his request. He will not cooperate with individuals. email me jdalto@lycos.com">jdalto@lycos.com

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