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Updated over 13 years ago on . Most recent reply

Allende Hernandez's profile image
Allende Hernandez's profile image
Allende Hernandez
  • from Miami, Florida
  • Member since Oct 7, 2011
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Allende Hernandez's profile image
Allende Hernandez's profile image
Allende Hernandez
  • from Miami, Florida
  • Member since Oct 7, 2011
Connect
Allende Hernandez
  • Miami, FL
63
Votes |
275
Posts
Real Estate Deal Analysis & Advice

High risk deal, please advice

Allende Hernandez
  • Miami, FL
Posted

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

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Ralph S.'s profile image
Ralph S.'s profile image
Ralph S.
  • Real Estate Investor
  • from Sacramento, California
  • Member since Mar 29, 2008
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Ralph S.'s profile image
Ralph S.'s profile image
Ralph S.
  • Real Estate Investor
  • from Sacramento, California
  • Member since Mar 29, 2008
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Ralph S.
  • Real Estate Investor
  • Sacramento, CA
355
Votes |
566
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Ralph S.
  • Real Estate Investor
  • Sacramento, CA
Replied

If you can find someone foolish enough to what, assume a $162k loan on a $130k property(?!), I guess they would also be foolish enough to give you an assignment fee.

Good luck with that....

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