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Updated about 6 years ago on . Most recent reply

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4
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0
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John Young
  • New to Real Estate
  • Katy, TX
0
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4
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Need some advice on possible subject to deal

John Young
  • New to Real Estate
  • Katy, TX
Posted

Might have my first deal If I can find the right advice. The house is locate din the bear creek area of houston. it received some flood damage from hurricane harvey. I had an agent run the comps and he believes the ARV to be about 180K. There is a mortgage in place and I believe the guy is in pre foreclosure. Hes behind 8K and owes a grand total of 96. im thinking this would be a subject to deal but not sure in which direction to go. I figured Id reach out to get some advice from some some of you experienced guys on  how to move forward. Ive also scheduled a contractor to take a look at the house and estimate repair cost.

any help or advice would be great

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