Do You Usually Have To Give Upfront $
So I get a motivated seller and convince them to let me l/o their property.
Is it customary for me to come out of pocket immediately with a down payment or will they wait for my t/b to give me a down-payment (a portion of which would go to the owner)?
Also, are most owners out of their place before you start to show it to prospective t/b's?
Thanks for your help!
[ Edited by GA_John on Date 10/30/2003 ][ Edited by GA_John on Date 10/30/2003 ]
Structure the transaction so that the option consideration (something I never mention and only address it the owner brings it up) is paid when you close with the tenant/buyer.
It is easier to show and deal if the house is vacant. But you gotta be flexible.
Thanks Sammy. That is what I wanted to have happen. I just didn't know how realistic that was.
Appreciate it.