A Little Help Please
I've found a property that is appraising at $225,000. The seller is only asking for $185,900. They are willing to do a L/O. What I want to do is get this property under contract and then try to find a buyer that will buy the property for $225,000 quickly. Is this a smart way of doing it? Are there short term capital gains taxes if I did not own the property?
Any suggestions would be great! 
A little more work is needed, an appraisal doesn't mean anything. What the property will sell for is the key. I would check comparables in the area and make sure that it would sell for 225 and not take forever doing it.
Then a lease option or taking the property "Subject To" wpould be a good idea.
Randall
You need to do more research and develop an exit strategy if you do not find a tenant buyer quickly, is the seller willing to allow you to rent the unit to somone else?
[addsig]
Thanks for the comments.
I met with the seller yesterday and she was even thinking of renting the property out. So, I don't think that would be a problem. She seems very motivated and willing to do whatever it takes.
Thanks again!
Do the lease/option if you don't know how to do subject to.
But sign a contract right away with agreed on pricing and put that you have 60 days before any payments are made etc. Tell the homeowner this is typical because it gives you time to find the best tenant/buyer and won't leave your seller hanging.
Of course, when you find a tenant/earlier than sooner, then you look like the all-knowing real estate god.
The Solutions Kid
[addsig]
Sound advice.
If it's a deal then get it under contract.
Fellow Investors,
Lets say the house can't sell for 225 as quick as it needs to be. Would it be a good idea to lower the price to 215 ??
There still will be profit there for the investor plus the buyer , since they buying the property with equity. Thats if the property is worth 225.
Jose
Jose,
Of course you would sell it for 215k if you needed to. I'll take 30K return on a $10 (option premium) investment any day.
Lot's of ways to look at this, rent-to-own to get more appreciation. If comps support 225k, then FSBO for 225K with a big sign and ad saying "MUST SELL". That will start the offers coming in and you can settle at 215K.