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Updated over 8 years ago,

User Stats

19
Posts
6
Votes
Martine Richardson
  • Investor
  • Richmond, VA
6
Votes |
19
Posts

Subject to deal advice

Martine Richardson
  • Investor
  • Richmond, VA
Posted

Hi All,

I'm working on my first subject to deal and the owner has a problem that I'd like other investors input. The owner needs to sell her house because she no longer has help paying her mortgage and her house will go into foreclosure. The owner is retired and lives off her social security check which isn't much. She'll need a place to stay when we close on the house. I don't want to put the lady out without helping her. Since she doesn't make a lot of money, she can't afford to pay much in rent. What would be you alls suggestions as to a solution for making sure she has somewhere to stay? I was thinking about suggesting her to another investor that may have a place she can rent out. Her income is only a little over $800 a month. 

Any advice will be appreciated!

Thanks,

Martine

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