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Updated about 3 years ago,

Matthew Walsh's profile image
Matthew Walsh's profile image
Matthew Walsh
  • Real Estate Agent
  • from Virginia Beach, VA
  • Member since Dec 5, 2017
Connect

User Stats

25
Posts
7
Votes
Matthew Walsh's profile image
Matthew Walsh's profile image
Matthew Walsh
  • Real Estate Agent
  • from Virginia Beach, VA
  • Member since Dec 5, 2017
Connect
Matthew Walsh
  • Real Estate Agent
  • Virginia Beach, VA
7
Votes |
25
Posts
Buying & Selling Real Estate

subject 2 - owes a lot of money - options?

Matthew Walsh
  • Real Estate Agent
  • Virginia Beach, VA
Posted

I've got a tired landlord. Tenants are moving out shortly and he wants to sell. ARV is $140, but he owes $85 on a line of credit with a $600 monthly payment. Problem is he says it needs a complete rehab. From the outside I can agree. I'm estimating $50k rehab. Any ideas to make this work?

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