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Updated over 10 years ago on . Most recent reply
What strategy would you use on this property?
I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.
The property has $730,000 in loans
They Owe $440k / 39% equity
The average sold in the neighborhood is $659k
Never had a seller like this and new to real estate investing. I am grateful for any advice you have to offer.
I was thinking Lease Option?