An elderly man that owns 9-10 properties in the area called today. He is tired of landlording, is legally blind and can't drive. He would like to owner finance these properties. Or I guess really a subject to. I'd take over the mortgage payments and get the deed, if there is a difference between selling price and mortgage balance, he'd take back a note on those for some income. I told him I'd drive by the properties and get back to him. I'll probably try to set up something for Tues. since Bethany will be available and wants to be involved. I am going to run comps on all these so I know what a good price would be. It looks like he may have paid close to retail about 7 years ago, hard to say though, he might have put down a good down payment and the 7 years would have reduced the principal somewhat. We'll see.
Also, meeting with the elderly lady and looking at her house tomorrow at 2:30. And the RE agent put in the offer on the REO for me.
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