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Updated 11 months ago,
First deal - A Foreclosure?
Here's the deal: $
* $330k asking with $500k+ comps
* $1350 sq ft
* 2+2 w/ 2-car garage
It will cashflow in today's market. But the tenant cannot be bothered and sold as-is. The condo is on a PGA golf course - you can walk onto the course from the back patio. It's the bottom unit of a 2-story. Is it worth the risk if (a) the tenant is non-compliant and an eviction process is needed and/or (b) there could be major repairs needed.
Is it worth the risk?