Hi Loretta. There are a lot of questions to ask when considering this type of transaction. In fact, there are no standards or typical deals. I have been an investor for many years and am a licensed real estate agent. Is your investor a licensed agent? If so, he/she must adhere to additional guidelines and disclose the fact that he/she hold a license. My experience also includes teaching seminars to new investors as well as one-on-one coaching. I would be glad to speak with you about your various options. Where in 08021? Pine Hill, Lindenwold, Clementon, etc? Extremely familiar with the area!
Keller Williams Realty, Cherry Hill
Agent, Investor & Coach!