Podcast 304 – How to Properly Structure an Owner Carry Deal?

Podcast 304 – How to Properly Structure an Owner Carry Deal? By Michael Quarles|December 1st, 2016||0 Comments Michael Quarles covers whether or not you should structure an Owner Carry Deal, and more… A seller contacted me about a lot he might want to sell in Portland, Oregon. This is an 11,000 sf lot zoned 1A for 7-11 units only.He owns it free and clear. He is open to a straight purchase, or an owner carry, or even a joint venture with a developer to develop the lot.It currently has a small shop on the property that he rents out for ~250 month to cover taxes.The lot value is $175k-$250k (Property Radar is at $233k). He stated he would sell for $150k but I believe he would sell for even less.He bought this in ’07 for $213k and is just tired of it.I would like to get this under contract and then assign it. I am leaning toward the owner carry. Michael,how would you structure an Owner Carry?What terms?Any thoughts about how to incorporate a potential JV carrot in there if needed to close the deal?  Any other idea’s I am missing?He is very open to creative options I think.How would you market this? More Podcasts! Listen to More Podcasts by Michael Quarles! – Click Here Listen to Recorded Live Seller Calls! – Click Here Listen to Interviews with Today’s Top Business Professionals! – Click Here Tweetable   How to Properly Structure an Owner Carry Deal CLICK TO TWEET     Join Michael Quarles’ Gold Coaching Program CLICK TO TWEET     Text Investor to 313131 CLICK TO TWEET   Share the Show Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review! Click this link – The Michael Quarles Real Estate Show Click on the ‘Subscribe’ button below the artwork Go to the ‘Ratings and Reviews’ section Click on ‘Write a Review’ Resources Please send questions you would like Michael Quarles to answer to [email protected] and he will answer them on one of his upcoming podcasts! Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program Yellow Letters – www.YellowLetters.com Want to be held Accountable to your GOALS? – Text the word WEALTH to the number 313131 Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131