Constructing The Deal / Help

[Granison Johnson]

I have a property in the pipeline and need some help with.

The property facts:
1. Cape Cod estimated $130K/ Owner thinks $140K what the home owner would like to get $70k out of it.
2. It is a property in probate
3. The eatate is -$60,000 due medacaid and home equity loan
4. Comps I pulled from the MLS(per Agent) are averaging $101k for simluar condition and type sold.
5. Repairs are about $29,930
6. Living Area SqrFt 1527
7. Lot SqrFt 15000

My notes: House could sell for $150 with udate and repairs.

Scenario 1
Whole property
Scenario 2
Obtain house through land deed contract and Lease Option Home for for 1250
for 2 year
Scenario 3
Assighn my Option

WHat do you think and or what other option do you think I have?

NOTE: I understand most concepts and techn.

[Bill Gulley]

If the estate has no assets to cover the final expenses the house won't be sold on a contract but for cash to pay expenses. :)