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Updated over 14 years ago,

User Stats

14
Posts
5
Votes
Ricardo White
  • Real Estate Investor
  • Durham, NC
5
Votes |
14
Posts

IS THIS MY FIRST EVER DEAL?!?

Ricardo White
  • Real Estate Investor
  • Durham, NC
Posted

This is my potential first deal: Owner has a lien on property of 19k (owner financed) Lien Holder never received mortgage payment from buyer. The Lien Holder is my mother (sweet right) so can I wholesale the note on the property and allow the investor/rehabber to foreclose on the grantee? I ran comps came up with 100k ARV the house is basically condemned 1,936 sq feet built in 1925 and has code violations. I have no clue how to come up with rehab cost is this even a deal. The lien amount is for 19k SOMEONE PLEASE HELP ME!!!!?!?!?

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