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Updated over 10 years ago on . Most recent reply

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Patricia Olamide Akinrotoye
  • Involved In Real Estate
  • Los Angeles, CA
5
Votes |
8
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How to do deals without being greedy?

Patricia Olamide Akinrotoye
  • Involved In Real Estate
  • Los Angeles, CA
Posted

How do I structure a property deal worth 370,000 with 246,000 in equity 100,000 loan but is default of 14, 000. It's a 2 bed, 2 bath on lot 6400 sq foot and 1216 living sq ft in los Angeles, CA also what sample form can I use to protect from breach of contract and investor would not go around deals for themselves and what other forms is needed for this cash deals '. Expert advice is needed urgently , thanks everyone on bigger pockets for your support.

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6,130
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,071
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6,130
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Patricia Olamide Akinrotoye - I don't understand what you are asking.  Property is worth $370k and the current loan balance is $100k and they are behind $14k - so what is the deal?  What are you trying to do with the property? Wholesale it?

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