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Updated over 7 years ago,
Seller Is Begging Me To Buy Her House
A seller came directly to me and asked if I can help with her situation. Of course, being the kind, helpful person I am, I told her I will see what I can do. Owner wants completely out of being a landlord. In fact she said, it was a huge mistake becoming one!
She then proceeds to give me the following facts:
Rent: $725
Mortgage: $955( Do you see why she wants out!? She is coming out of pocket)
Mortgage Balance: $50,224
ARV: From the numbers I ran(not too many sales in area)- $52,000
Additional Facts: Current tenants want to purchase the property. Property is located i Wichita Falls,TX
To my knowledge, I don't believe I can do anything as a wholesaler for her. However, I would still like to point her in the right direction with assistance with this. Real estate can get pretty creative, so I know there must be a viable option for her.
Any thoughts?