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Updated over 10 years ago, 06/14/2014
Need advise on distressed investment property
Hey everyone,
I recently had to relinquish a property manager services do to excessive neglect. I now have a new PM and asked them to assess the necessary repairs that are needed to get the property rent ready. I still have a note on the property and it has some equity, approximately $42k ($95 appraised value - $53 remaining mortgage ).
Although, I don't have the funds to make all the repairs and wanted to know what would be some avenues to explore.
Thank you in advance.
Marcus-