I Have What I Feel Is A Huge Deal, Help!
I have located an Inn that is for sale way below appraised value...
Appraised at $2.4 Million
Market $1.7
Asking Price - $950,000
He is willing to give me a contract on it for 30 days.
How can I secure this and flip it for a profit without a any money down...
Help me make this happen please.[ Edited by investorsedge on Date 10/20/2004 ]
You secure it by signing a contract with him. Then you find an investor that would be interested in this and reassign the contract to them. As far as no money down, you could try an offer as little as the seller will accept in terms of a deposit. I would be curious, why, if it was appriased for $2.4 mil and the owner knows it, he is selling for 950k?
Hello,
He bought it in a foreclosure, simply trying to sell quickly and take a small profit. I live in NC, they are buckling down on people assigning contracts without going on title, any solutions to this problem? I tried to get an option to purchase instead of doing a regular purchase contract, but he wouldn't do it. I need a creative way to get around the title problem. They are looking at this place to film a major motion picture also, it's not even open right now, if someone simply opened the doors for business it would be worth even more. I need to figure something out really quickly, this is one of those deals that is not going to last long I feel. I have complete details and pictures on the place also.