I have a very motivated seller that needs to get rid of a duplex that he owns right now. He is willing to take a lower purchase price with a higher interest rate across 2 years with 0 DOWN!!
Problem is he is moving out of state and he is thinking that b/c he still has this mortgage in his name that he will not be able to get approved by another lender to buy another house...
Just was wondering if anyone has came across this problem and if there is anything creative that I can do to solve this problem.
I know my last option would be to assign the property for him but would rather buy it with 0 down for the positive income each month!!
Any help is greatly appreciated!!