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Updated about 13 years ago, 10/09/2011
High risk deal, please advice
Would you guys move forward with this?
Loan: 162K
Comps: 130K
PITI: $1214/mo
Years left: 26
He is willing to place a Tenant/Buyer for the same PITI and a 15 Years balloon. Rents in the area are about $1200-$1300/mo