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Updated over 9 years ago,
WOULD YOU DO THIS DEAL
Homeowners think they house is worth 50K
Comps Sell at 65K
Homeowners are divorcing and want to sell for cash buyers
You can offer 40-50K and Homeowners will accept
You have bad credit but You find an loan for 50K with 8 percent (HardMoney) you may get approved for
Repairs of home small $500 to make ready (you can paint walls and move in tomorrow
Rent for $900-950
HOA is $220 a month
Taxes not determined yet you guess them
What do you offer? How would you structure?