My First Deal, Please Review

[Tracy Coats]

First I have to say, I am trying to put this deal together to raise money for a non-profit charity called Believe Big. They are looking to begin the 1st Clinical Trial on Mistletoe as a treatment for cancer and are 89% of the way to their funding goal of $300K. This is a historic event, google John Hopkins Medical and Believe Big. This trial could change the way we treat cancer in the U.S.

I am a volunteer for Believe Big, helping support Cancer Patients who are making the transition from a SAD(standard american diet) to more of a whole foods, plant based diet. With that being said, I have been looking to do a fundraiser, but that requires a great deal of my time and with 3 kids, my time is very limited right now(Room Parent and volunteer at both schools). I'm a Christian so I've been praying for other doors to open and low and behold, call it coincidence if you are not spiritual.... I get a phone call from a lady I spoke with two years ago about doing a lease option on her home. She wasn't interested at the time I called her and the deal never came together. She called yesterday and said she needs to unload the property. I asked her what she owed...all mortgages, if more than one...She owes $260K, but wants what she put into it, $330K. Said the same house down the street is listed(not sold) for $325K and her place has more upgrades. I sent a few more questions to find out just how motivated she is...Are you moving? No liens? How quickly do you need to move the property? Are you current on all your payments? If you can't sell or rent your place, what are your options?

I know I have very limited information at this point, but does it seem like the making of a good deal? I would love any assistance I can get with pursuing this lead...I can pull comps. My husband is an Attorney but has a real estate license so I have access to the MLS.

Thank You!

Tracy Coats