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Updated about 5 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Keshia Jackson
  • Flipper/Rehabber
  • Concord, NC
0
Votes |
4
Posts

Subject to? How to?

Keshia Jackson
  • Flipper/Rehabber
  • Concord, NC
Posted

Hey BP!

How can I “subject to” a property with the following details:

Seller is extremely motivated to move! Extremely

Would like to buy a condo and only asking for cash to cover that amount(maybe $20k) plus she owes $157k on it.

The house is in good neighborhood and needs cosmetic work only (well not totally sure) but pretty sure. I’m budgeting maybe $15k for that.

Rent can be between $1600-1800

ARV if repaired would be $220k-$235k

I’m new and I’m trying to help this seller but I don’t know if an investor would buy/hold

What are some options?

Please help

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