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Updated over 12 years ago on . Most recent reply

User Stats

449
Posts
94
Votes
Mike Nelson
  • Wholesaler
  • Washington, D.C
94
Votes |
449
Posts

Should I take this on Sub2???

Mike Nelson
  • Wholesaler
  • Washington, D.C
Posted

Ran across a referral this weekend and seller wants to get rid of the property. It's worth around 100-120k and she owes 82k, she is willing to let this go sub2. The monthly PITI is $641 and it could probably rent for $850-950 a month. The interest rate is 6% and she's looking to do something with this by the 27th of this month. What would you guys do with this one?

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