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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Try cash and paper combination... Posted by Ward-CA- on September 14, 2003 at 2:36 PM In Reply to: Too much equity to purchase???? posted by David Wagner on September 14, 2003 at 9:48 AM : I recently came across a property that has a fair market value of $750,000 and the only loan on the property is for $208,000. : Obviously, the owner doesn't want to do a deal for $80,000 which is the max I have for an equity purchase contract. : Do you have any suggestions or should I just avoid properties with too much equity for now.... ????? ============================ David, Come up with a fair equity purchase with the owner. Then give him as much cash for the purchase as you can afford and give him a promissory note secured by a trust deed against the property for the remaining balance! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I recently came across a property that has a fair market value of $750,000 and the only loan on the property is for $208,000. : : Obviously, the owner doesn't want to do a deal for $80,000 which is the max I have for an equity purchase contract. : : Do you have any suggestions or should I just avoid properties with too much equity for now.... ????? : ============================ : David, : Come up with a fair equity purchase with the owner. Then give him as much cash for the purchase as you can afford and give him a promissory note secured by a trust deed against the property for the remaining balance! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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