Vacant House! Buy, Don't Buy, Sell?

Semi-Custom House, with $180K loan and $1625 payments. Others selling $195-$205K.

I can buy sub to and sell L/O (I'm in TX). Seller will make next two payments.

Does it make sense to L/O at $205K with $8K down and rent payments of $1925 with $300 rent credit, and $3000 to renew for a 2nd year? Or, should I just try to sell now for $190K and go on to the next one?

Well, what do you think?

Gary-TX

Comments(3)

  • RALPHN5045th June, 2003

    Hi Gary:
    If i had a deal like that, i would take the upfront money in my pocket and it is a lot=$8k.

    ralph

  • rajwarrior7th June, 2003

    Question is what do you think?

    Can you sell it quickly at $190K?

    Can you sell it quickly at $205K w/ an $8K downpayment?

    Best bet is to offer both. Sell for $205K owner terms or discount to $190K for cash/buyer's own financing.

    Roger

  • Gary-TX8th June, 2003

    Thanks, ya'll. I am getting some great feedback and super directions.

    Gary-TX

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