I have a very motivated seller with three properties. Property #1 has a 47k mortgage he wants to take a loss on, and me take over the property. Has a tenant who pays 300 a month, but he has a mortgage for 540. He pays the difference out of his pocket, but the current agreement is the tenant does all the repairs and maintenance. Property #2 is a free and clear property with a current tenant who pays 500 a month and he asking 40k for the property. This tenant does all the repairs and maintenance as well. Property #3 is a duplex with two apartments that are 2br/2ba. Wants 60k for this property but needs a lot of work, but has no tenants. This property is located new a nearly build college. So how do I use creative financing to obtain these properties possibly with no money down? Any help is appreciated!!!
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