I HAVE A GUY WHO IS SELLING HIS ESTATE HE LIVES IN BRASIL 6 TO 8 MONTHS A YEAR. BEFORE I GIVE YOU THE NUMBERS I WANT TO TRY AND DO AN OPTION ON THIS ONE BECAUSE IT’S MY FIRST DEAL I NEED TO GET THIS ONE. (DONT HAVE PRIVATE LENDERS YET ON MY TEAM)
This guy is a single retired Doctor, the house is not listed.
He said it needs no repairs, it’s beautiful, off the golf course.
but i haven’t seen it yet.
HERE ARE THE NUMBERS I HOPE YOU CAN HELP.
ARV- 2,350,000 Appraised last March he has a copy.
Loan Balance- $200,000
HE SAID HE WOULD CONSIDER ALL CASH OFFER OF $2,000,000
BUT HE REALLY WANTS TO DO 18-24 MONTHS LAND CONTRACT, HE THAT WOULD BE BEST FOR HIM WITH A SIZABLE DOWNPAYMENT.
ALSO HE SAID THAT WOULD BE BEST FOR HIM FOR TAX PURPOSES AND INCOME FACTORS.
HE DOES NOT WANT TO LEASE-OPTION BECAUSE HE DO NOT WANT ANYONE IN THE HOUSE, HE SAY’ HE WONT’ TRUST ANYONE TO KEEP UP THE UPKEEP ON THE HOUSE.
NOW WAITING FOR THIS GUY TO EMAIL ME BACK, LAST EMAIL I SENT I TOLD HIM TO LEAVE HIS NUMBER SO I CAN TALK WITH HIM MORE IN DETAIL.
I WANT TO OFFER AN OPTION AND I WILL WHEN I CAN TALK WITH HIM OVER THE PHONE. MY OPTION OFFER WOULD BE HIS FULL PRICE AT $2,000,000 AND TRY TO MARKET FOR 2,215,000
AND STILL LEAVE $135,000 IN EQUITY, SELLING STILL BELOW APPRAISED VALUE.
WHAT IF HE WANTS TO DO THE LAND CONTRACT AND HOW WOULD YOU MAKE THIS DEAL WORK ON A LAND CONTRACT.
ANY HELP PLEASE.
THANKS DEYON!