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Updated about 1 year ago on . Most recent reply
![Erick Armando Gonzalez's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1699206/1705084498-avatar-ericka36.jpg?twic=v1/output=image/crop=1333x1333@222x0/cover=128x128&v=2)
FOR SALE! Help!! What would YOU do? SHE WANTS OUT!! she said "GET ME OUT!"
Hey BP Fam,
What would you do?
Im working with a lady that bought a property last year (January 2023) with her now EX-Boyfriend. Things went south and now everyone wants out!
Here is details to the purchase:
Purchase Price: $650K
DownPayment/Cash to Close: $153K
Intrest Rate @ 5.65%
Monthly Mortgage: $4,242.51
Loan Balance: $528,872.47
**Her Ex-Boyfriends is asking for $37K to leave**
Estimated Market Price: $669K
Estimated Monthly Rental: $3,750.00
We have talked about Traditional Sale or Rental, and she understands that both ways will bring her into a negative position. Im looking for other ways to be creative **and she's open to it** (SubTo)? SellerFinance is a no-go
Anything that will not get her to deep ion the HOLE!
Who's on TITLE?:
1.Her
2.Ex-Boyfriend
3.Cousin
4.(her)Dad
Who's on the Mortgage?:
Everyone except HER!
**Ex-Boyfriend, Cousin, (Her)Dad**
WHATS THE BEST WAY TO GO ABOUT THIS?????
Any and every comments are welcome!!!
Most Popular Reply
![Joe Homs's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/193243/1621432275-avatar-joehoms.jpg?twic=v1/output=image/cover=128x128&v=2)
@Erick Armando Gonzalez she is in the best position if her name is not on the loan. If they all cannot get along then do subject to at $600K or less and tell them to split whatever is left over. There is a lot of pain there, so work it.
Good Investing...
- Joe Homs
- [email protected]
- 949-625-4533