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Updated about 8 years ago on . Most recent reply

User Stats

33
Posts
2
Votes
Ruben Torres
  • Real Estate Investor
  • El Paso, TX
2
Votes |
33
Posts

Do you know of someone who would buy thus deal

Ruben Torres
  • Real Estate Investor
  • El Paso, TX
Posted
I have sellers who are trying to sell me their property at their current loan amount. The property with the current loan would be 70 cents to the dollar and needing minor fixes such as new carpets and wall paints. i estimate about 7k in repairs and i feel that's generous. If I could I would make it my own rental property but due to financing I am unable to. I was wondering if other investors would take a deal like this? I could include a small assignment fee and they would make cash flow and gain 20k in equity if compared to a 100k valued property

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