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Updated over 7 years ago,
Real Estate Possible Deal
Hello Everyone
Just wanted to get everyone's opinion on the matter I am facing. I have an owner who has a first mortgage of 190k and a second mortgage of 64k on her property. ARV of 290k. The numbers look tight I know I am just trying to figure out what are possible solutions to buy and flip this home. Obviously she doesn't have much equity in the home and she is going to be foreclosed on in 1 month. Any advice on how to go about this?