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House On Terms Deal

by vsquared
in Blog
I recently attended an online event where an actual house on terms deal was discussed. Here is my summary of that discussion.  The house House is in Las Vegas. Seller said that he would sell the house for 599,000. Comps are 640,000. Seller will do up to a 5 year rent to own, with 2,000 a month, and zero down. He only owes 150,000 on the house.  It’s a four-bedroom, two-bath house. It is gorgeous. He has relocated, so it’s vacant. It’s a single-family house with an association fee of $1,000 a year. It is 2,700 square feet, two-car garage, […]