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Updated over 10 years ago, 06/14/2014

User Stats

4
Posts
0
Votes
Marcus Lynch
  • Real Estate Investor
  • Los Angeles, CA
0
Votes |
4
Posts

Need advise on distressed investment property

Marcus Lynch
  • Real Estate Investor
  • Los Angeles, CA
Posted

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-

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