Hi there Everyone,
I have a seller of a home that he is currently renting out. He has a good tenant but needs cash right now.
The house appraises for about $210K and he put $90,000 down a couple of years ago.
He needs cash now and is willing to let the house go for only what he put down, $90,000. This means that someone would have to take over his current loan and give him his $90,000.
Does anyone have any thoughts on how I can make this lucrative? The home is in a lovely part of southern california.