@TomEllsworth House prices need to come down. That won’t happen unless sellers get desperate and “have to sell”. Alternatively the home owners die and the heirs sell the house for “whatever it needs to sell for”
Greetings all, I have a potential transaction, I have the buyers. They need $300,000 to complete the buy in of an established business. They are willing to put up collateral. The Seller of the business will not allow the loan to be run against the business so it would just be on the 2 Buyers I have. Looking for short term: 36 month loan on this. If you have the ability or know of someone please let me know and I can connect you with my buyers.
@ClintFiore “Is it absentee?” “Does it have management in place?” “Can an employee step into a manager role?” “Will the seller hold a 99% note at a 1% interest rate over 480 months?” If yes then this fits my buy box.