OfflineI am an new real estate investor with no credit history established to get a loan but have some cash to minvest not alot though maybe about 5k and i found an fsbo in a nice neighborhood and commute that goes for about 79000 on zillow but their inaccurate anyways? I know in my heart this is a good deal but how should i follow through? Would a lease option with a sandwhich clause be good? any ideas please help
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You will definitely need to get more information. Visit the property and get an idea of repair costs (if any), talk to the owner and ask if he would be open to seller financing or a lease option. If possible, have an agent pull comps of sold properties to determine the FMV (fair market value). Confirm that it's a good deal. A sandwich lease or seller financing are both good options when financing options are limited. Good Luck!
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Anybody has this contracts that want to share with me I need A "Subject to"/ Affidavit of Liens Addendum Forms or Contracts
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Ernesto G.