How To Buy From A Motivated Seller
I have a friend who is going through a bitter divorce. He wants to sell the house below market value so his soon to be ex wife will not recieve any money from the sell of the house. What would be the best way for me to buy the house and then sell it at market value. He will sell it to me for 120k, it should sell on the market for around 130k. Any creative ideas?
You will not make any money buying a house for 120k and then selling it for 130k.
Buying from someone who is married and only having the one spouse sign the purchase and sale agreement and the deed can be easy or impossible - depending on your state laws. In FL, one spouse can not sell the homestead property without the other spouses signature - even if only one spouse is on the deed.