Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Real Estate Investing
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 16 years ago on . Most recent reply

User Stats

35
Posts
0
Votes
Loc Nguyen
0
Votes |
35
Posts

Advice on a house.

Loc Nguyen
Posted

I have a friend that called me that just want to get rid of a house they are trying to break even on the deal.

The house has a mortgage of 50,000
(3 bed room , 1 and a half bathroom)

Houses in that neighborhood are worth about 75,000

The house has about a ballpark of 20k in repair.

I suggested them to try to "subject to" or fix the house and rent it out and hope that the house appreciates than sell it.

What do you guys do in this situation ?

Loading replies...