Property Near Orlando Florida

[Jonathan Ramos]

Hello All,

I need some assistance on a property that I may want to purchase. The property is worth about $132-$142k. The homeowner states it needs about 20k in repairs but the property really doesn't need it. The other possible issue is that the house is on the main road. I will have to confirm this. She has a loan 

$81,446

08/21/2007

6.96%

Based on the 70% rule that means the max I can pay for this property is $75,900. My question is there any other way to make this deal work. Maybe with seller financing or maybe assuming the current loan plus giving the homeowner some case. Please let me know. I am trying to find my first deal. 

Thanks.

Jonathan Ramos

[Jonathan Ramos]

Hello @ Michael Jones,

I would like to speak with you in regards to this.  I am also in the North Orlando Metro area.  Maybe we can meet sometime this week.  Please let me know.