Starting out with Marketing

[Bryan Collins]

I have started letting friends and family know about our interest in real estate investing. A friend saw our sign about buying houses for cash and asked if we wanted to buy their house. They said they were really upside down on it and I was really at a loss for what can happen in that scenario. I imagine for upside down would seller financing or lease option be the best way out for them? I don't believe there is any equity in the deal right now. What can I say to them? 

Thank you!