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Updated almost 6 years ago,

User Stats

47
Posts
18
Votes
Jason Medina
  • Rehabber
  • Los Angeles, CA
18
Votes |
47
Posts

What would you do with this property?

Jason Medina
  • Rehabber
  • Los Angeles, CA
Posted

Hi Everyone, 

I received a call from an owner in the LV area that's moving at the end of next month and needs to sell their property.  Their property is worth $260K and the least they're willing to take is $215K.  It requires about $20K to bring the property up to date.  I'd need the property at $180K to flip it myself and the rents about $1400 month.  What could you savvy investors do with just $45K of equity?  Oh they need the cash for a down payment on their new house and to pay off their current loan.

Thanks, 

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