ARV = $380K
Repairs = $5-10K minor stuff
Owes $315K (1 mtg) less than 1 month behind
Seller needs $5K out of this deal
Underlying payment of $1950/mo piti
Seller willing to sell sub-2 for $326K.
Since the house needs a little TLC do I market this to owner occupants as a handyman special using owner financing? How much can I expect to get from a buyer if they know the house needs a little work? Or should I do the work myself and try for full retail price?
Also this property is in the state of MD (high transfer tax). Should I buy and sell using agreement for deed/land contract so the deed transfers only once?
'Preciate all feedback.