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Updated over 4 years ago,

Austin Wood's profile image
Austin Wood's profile image
Austin Wood
  • Specialist
  • from Ohio
  • Member since Aug 18, 2019
  • Posts 59
  • Votes 18
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

59
Posts
18
Votes
Austin Wood's profile image
Austin Wood's profile image
Austin Wood
  • Specialist
  • from Ohio
  • Member since Aug 18, 2019
  • Posts 59
  • Votes 18
  • Experience 6 Yrs
  • Investments 1
Connect
Austin Wood
  • Specialist
  • Ohio
18
Votes |
59
Posts
Wholesaling

Possible exit strategies on this preforeclosure?

Austin Wood
  • Specialist
  • Ohio
Posted

Preforeclosure worth around 230k. owner owes 245k left on the mortgage. The house could rent for 1400-1500. Assuming she can’t sell it on the market, what are the possible exit strategies for this house? I am thinking currently the best option (assuming her financing allows for nice cash flow) is a purchase subject to then sell with owner financing. What would you guys do?

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