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Updated over 8 years ago on . Most recent reply

Julian McFadden's profile image
Julian McFadden's profile image
Julian McFadden
  • from Santa Monica, California
  • Member since Aug 2, 2016
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Julian McFadden's profile image
Julian McFadden's profile image
Julian McFadden
  • from Santa Monica, California
  • Member since Aug 2, 2016
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Julian McFadden
  • Santa Monica, CA
3
Votes |
22
Posts
Rehabbing & House Flipping

Bidding on a house to flip

Julian McFadden
  • Santa Monica, CA
Posted

I am a newer investor, and have located a property I would like to purchase. The starting bid is reasonable, however the listing states there is approx $49,000 in debt (Unpaid Balance and fees). If I win the bid for the house, am I responsible to pay that $49,000 in debt on top of my bid price?

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