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Updated over 13 years ago,

User Stats

68
Posts
5
Votes
Aaron Cheatham
  • Real Estate Investor
  • Pittsburgh, PA
5
Votes |
68
Posts

New deal. Need help on exit strategy .

Aaron Cheatham
  • Real Estate Investor
  • Pittsburgh, PA
Posted

Hello everyone I just had a new deal come my way and need a little help with a good exit strategy, here is the information:

Duplex - Great Area, both units are filled getting 1200 per month total. I think you can get more per unit.

there is 99k owed on the property. 5k in back taxes and 2400 owed in back mortgage payments which are 800$ per month.

The lady just wants out, she doesn't want to make anything on the property.

here is my question. will i be able to do a subject to existing financing on this deal and then flip the contract for say 6-7k?

If you have a better exit strategy in mind please let me know.
Thank you in advance
Aaron

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