creative advice please

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Posted by Steve P. on January 18, 2002 at 22:50:58:

I have an older couple that live out of town and have a house for sale nice house needs a few things such as some paint on the inside and some carpet. The house is 3/2/2 pool with built in hottub. tax value is 103,295 comps are 99,000 to 106,000, the loan has a balance of about 67,000 @ 7 3/4% that can be assumed. they want 98,000 but after talking to them I think they would take 92,000. How would you put this together would you wrap it, how do i get my buyer to a cash position? I know that there is alot more information I need. I just need a little help the is my first attempt at a creative deal and the creative advice I have gotten up till now is that this is not a deal. I of course would like to do this with as little or no money as possible.


Thanks for your help!
Steve P.

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