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Updated over 4 years ago on . Most recent reply
Sheriff's Sale Conundrum
I know that time is short but I have found a property that will be at a sheriff's sale in a few weeks with a starting bid of around $20k. The property was assessed at $48k last year and will probably need to be renovated before anyone would want to live in it. The average property in the area is around $180k and great for renting. I figure I could sell the house to an investor for a pretty decent profit. My issue is that at the moment I could only cover the 10% upfront cost of the house and would have to finance the other 90% somehow. Any advice on how I could make this deal work?
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Jay Hinrichs
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Jay Hinrichs
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