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Updated over 10 years ago on . Most recent reply

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3
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George Cairncross
  • Real Estate Investor
  • San Diego, CA
0
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3
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What strategy would you use on this property?

George Cairncross
  • Real Estate Investor
  • San Diego, CA
Posted

I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.

The property has $730,000 in loans

They Owe $440k / 39% equity

The average sold in the neighborhood is $659k

Never had a seller like this and new to real estate investing. I am grateful for any advice you have to offer.

I was thinking Lease Option?

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