Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

20
Posts
7
Votes
Tayler LaChapelle
  • Bloomington, MN
7
Votes |
20
Posts

Is it worth it?

Tayler LaChapelle
  • Bloomington, MN
Posted

I found a property today and it looked maybe like a nice fix and flip. I did some research to find the owner and even found the owner's phone number! Gave the owner a call and since it was my first call ever I am not sure if I asked the right questions but I did find out something. I found out that he has some liens on the property and owes the bank some money. He had an offer from someone for 100K and more for lower prices and the bank denied all of them. He said he probably needs at least 125K for the bank to accept. Now I haven't run any comps but on my county's website it has an estimated value for 137K. 

My question is does anyone have the knowledge to make this deal work maybe been here before? Or should I just let go of this lead?

Loading replies...