Can't afford to keep house that CAN cash-flow

[Bobbi Casalino]

Hi. I'd be grateful if you could help me untangle the ways I could help a friend. She's 1/3 owner of a 3 fam in Brooklyn, currently inhabited by family. It's contentious. She'd like to keep it. The 3 owners agreed to sell at $860k (market). She can get a mtge for $250K. She works a min wage job. We spoke about her somehow getting the money together (hard money), renovating and moving into 1 apt and renting the other 2. The reno will cost $60k-ish.

. a) I'm a realtor

. b) I have the money to lend- but I'd be afraid she'd default

c) I could buy it from them privately, which would work out for me... but not for her? She needs a place to live for herself and brother