Potential 1st Deal Analysis Help

[Isaiah Moore]

Hey guys! I’ve been looking at doing my first deal recently, and I had an interesting offer come up and I thought I’d try and get some opinions since this is my first deal.

This deal was presented to me by a local investor, and we would go 50/50 on it.

The investor told me that someone alerted him of a deal in which someone got 50% of a house in a will, but their brother got the other half of the house. He wants to buy out his brothers half of the house, but only has 15k (other money that was left to him in the will. They think the house is worth 80k, and he is asking for an additional 25k loan against the house to be able to buy out his brother. He agreed to pay 9% interest. This seems like a good deal to me, but just thought I’d check with you all and see if I was missing something.

Thanks in advance!