I’ve only done 4 deals so far, so I’m just getting started in this investors arena and have a potential deal. The seller is a relative of mine and just wants to get out of the house. She bought the house for 289k and is coming up on their 3rd month behind in payments. Their is also a second for 15k. The house is worth 315k.
Should I negotiate with the lender on price, then try to get the second decreased?
Or should I lease option the house and try to sale or rent?
The seller is open to just about anything.
Or should I just let go of the deal?!?
Any advice would help.