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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
7
Votes
Alisha Mingus
  • wholesaler/aspiring investor and flipper
  • Sweetwater, TN
7
Votes |
32
Posts

Lease option, subject to. Should I? Its in North Carolina.

Alisha Mingus
  • wholesaler/aspiring investor and flipper
  • Sweetwater, TN
Posted

I was just approached with a house(nice little 3-1 1056 sq ft) that a friend of mine is wanting out of. They cant sell and dont want to rent. She said she would let me take over payments if i wanted it. Listing on this house is about to expire so a realtor would not be involved. Asking price is 85,000 but it appraised for 115 i believe. Right now she's just wanting to get out of making the payments. What should i do? I'm not in North Carolina nor do i have any buyers in NC lined up. Taking it over and renting it out might be an option but a little difficult being a 2 hour drive across the mountain for me to deal with tenants. Any advise would be amazing right now as this might turn into my first deal. 

Most Popular Reply

User Stats

623
Posts
615
Votes
Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
615
Votes |
623
Posts
Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
Replied

ROFR is much safer option in North Carolina.

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