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Updated about 9 years ago,

User Stats

256
Posts
64
Votes
Morris Lucas
  • Rental Property Investor
  • Atlanta, GA
64
Votes |
256
Posts

Please help me evaluate Atlanta Sub-to Deal!

Morris Lucas
  • Rental Property Investor
  • Atlanta, GA
Posted

Have a seller who inherited property in EastPoint, Ga, owes 42k in mortgage, behind in payments by 6k. Seller wants to walk away from deed for a few thousand dollars to use to relocate. Repairs seem to be in the 15-20k range, i am not too sure about the neighborhood. If taking over payments, would be looking at $520/month.

Anyone familiar with this area in Atlanta, as to if it may be a good by and hold?/Possible flip?

292X 8th St, EastPoint, Ga 30344 3/2, 1200 sf

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