What would be some creative options??

[Jonathan Jacobs]

I have a friend who owns a condo in North Miami. She's currently attending school in St Lucia. The condo is vacant. She bought it as a foreclosure sale. She owns it but due to her transitions and not working her fees have amassed and she has to pay the outstanding liens against the property left by the last owner. So she has 7K in total that she has to pay and has no job or income to pay it. She asked me if I wanted to buy it I don't have the capital. I'd like to help her create a cash flowing situation out of this place.

I'm thinking some sort of partnership where I find someone in my family to front the 7k to bring her current and out of the red. I'm just stumped from there. I'm trying to figure out the best strategy.

I'm trying to figure out how to help her keep the Condo and leverage it for the potential cash flow.