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Updated almost 10 years ago on . Most recent reply

Owner Just wants payments paid and practically wants to give away the property
I spoke with an owner that lives in Maryland but has a property in NC. She still pays the rent and it's becoming a burden. She wants out immediately (because of her current situation with having to move out of her current home).
She expressed to me that she's just looking to get help with paying off what she owes and giving the house for $1 if she can...
So that leads me here.. My question is. As an investor what can I (or an end buyer) do to help someone in this situation?? *the amount owed is pretty high*
Numbers:
1,968 sqft - 3br - 2 bath - owned for 10 years - basement - few upgrades
ARV: 115,000
Owes: 93,000 *no liens or other fees*
Repairs: ext paint, carpet in basements, front/back door
Most Popular Reply

- Investor
- Sherman Oaks, CA
- 3,921
- Votes |
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It costs 10% to sell a property.
IF you got $115K - 12K to sell - 93K owed - repairs = THIN DEAL.
I would get a highly successful realtor to look at the project to maximize sales price and minimize marketing time.