Aug 8 (edited) • General discussion
Creative financing question
The seller is 60 days away from a foreclosure auction.
Approximate payoff plus arrears: ~ $340,000.
Interest rate on loan: 2%.
Median comps: ~ $398,000.
Property is listed on the MLS so realtor commissions apply (6%).
Seller willing to do creative financing, and wants someone to take over payments.
What’s the best win-win exit strategy for this situation if I want to solve the seller’s problem, earn a $30,000 assignment fee, pay realtor, and provide a deal for the end buyer?
2
2 comments
Creative financing question
skool.com/maxmaxwell
Unlock Max’s secrets to success—free insights, real experiences, and strategies to elevate your investing journey
Leaderboard (30-day)
1
+52
2
+13
3
+10
4
+8
5
+7
Powered by