Florida Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Buying a house while its in chapter 13 bankruptcy
Hey guys! I need a bit of direction on this deal: 3/2/1 | ARV: $235-240K | Mortgage: $151k | $15-20k in updates/repairs | The biggest thing is he is in chapter 13 bankruptcy. What is the best plan? I was thinking, do an option agreement for ~$170k and put it on the MLS for $190k+ (I'm licensed) or should I just simply wholesale it? Keep in mind the sale has to be finalized by the courts. I'm not completely sure how bankruptcy works so anything that can help me understand this better will be much appreciated.