$185,000 Cash 1 month to buy in central NJ

[Christina M Viola]

Hi all, I am looking for advice for this situation I am in, or I should say my client is in..... Situation - She is closing on her house (pre-foreclosure) in Staten Island and getting $185k cash from the sale by end of October. - She 'wants' to find a 3 bedroom 'move in ready' place in a 'good neighborhood' that is close to Outerbridge Crossing because she still works in SI and her kids (~20-25yrs) go to school there. - She wants to buy all cash but doesn't mind a mortgage except her daughter would have to co-sign. - She's had tenants before and found it stressful and awful but still open to the idea. My Feedback - Buy a fixer upper 2 unit, 1 for your kids 1 for you and when they move you can rent it out and you'll have equity in your place and can repair your credit My Ignorance - Everything lol I know what I know and I don't know what I don't know, ya know? The Solution - This is where you kindly come in and say some crazy magical plan of how I can help this woman 1) not live in a poor neighborhood because of price 2) sacrifice quality because of money/ financial ignorance 3) repair her credit, start over and set her up with a nice foundation to build on. What do you suggest a person does to maximize the return on cash in this situation? I am showing her houses today .... and today is also her birthday! I just want to wrap up a solution in pretty birthday paper and tie it with a bow that has keys to her new money maker dangling from it while singing her happy birthday al way through closing.... help!