Looking for solutions to help my friend out!

[Wilson C.]

Hello guys, I have been studying real estate for about a month and reading the book, Investing in real estate, with no and low money down. So far, I have loved everything that Brandon wrote.

Today I just talked to my friend, who wants to sell her house, but she has a hard time selling now and needs help.

First, the house is selling for $1,629,000; the price decreased from $1,798,888 on Aug 25. she also told me the mortgage is 7,500 per month. I think her house is beautiful, but the price is too high because this house has 4 bedrooms, 2.5 baths and 2 parking spaces with 2,380 Sq Ft. I believe this house is suitable for family-style only.

Here is the description of the house,

Absolutely spectacular home with incredible ocean views. Modern interior design, married with a panoramic view, makes this home your must-see destination! Enjoy panoramic divine ocean views from almost every room in this stunning home. The bright and open floor plan features vaulted ceilings, recessed lighting, a gas fireplace, and access to a deck, expanding the length of the living and dining room, perfect for entertaining. Large windows featured throughout the home allow incredible light so you can enjoy the view during sunset and sunrise! The updated kitchen features stainless steel appliances, quartz countertops, and a custom tile backsplash. The lower level offers four large bedrooms, a playroom with a full bathroom, and a laundry room with additional storage space. A lower deck overlooking the large backyard.2-car garage. This house is located nearby shopping, restaurants, coastal trails, and the highway for easy commuting.

So, I was brainstorming for the whole day, thinking about what I could do for her and which methods I could use from the book; as I mentioned, I was reading the book and remembered there is a "lease" option that may fit this situation. But, unfortunately, I am just a newbie here, so I can't give her many suggestions yet. Also, I don't think this is a good deal on the market now; plus, I used the calculator from BP, and the rent for the area is very low, not more than $4500, and the CoC ROI is a negative number.

Thank you for reading my post; I hope my post can get some experts' attention and get some suggestions to help her.