Off Market Downtown Anchorage AK Condo

[Danny Mingura]

As you all know, military members move a lot, and the smart ones buy properties when they can to maximize on their VA loan benefits. I have a supervisor here in Utah who is being stationed somewhere else, problem is he recently bought a house locally here. He wants to sell one of his previous properties in order to simplify his books and free up his debt to income a bit (his thought process, not mine). He is willing to sell for what he owes, plus a little bit so that he can go on vacation. The property pulls up on Zillow at $195,386, and he owes $76,000. I am not in a position to use a bank to purchase this on my own as I just bought a house in Feb and have no equity built in my current residence and my spouse has just put a down payment on a property we are building.

This is my first time posting in the forums, so I apologize if I've missed anything. I have all of the HOA docs, lease agreement for current tenants, and cash flow for April 2018 (I'm waiting to receive June). The current residents are paying $1,200 a mo and rentometer.com shows the area average is $1,500.

Hopefully someone sees this and jumps on the opportunity as he has not listed the property yet and will probably do so if I cant find the financing.