All Forum Posts by: Devante Richardson

Hi, I have a deal in front of me. It's a subject-to deal where the owner owes $165k on the mortgage at a 3.5% rate. The ARV is $350k, and she wants to sell the home for $257k. The house needs a rehab, including bathrooms, floors, paint, kitchen, and AC unit—all need to be updated as everything is original. She's looking to walk away with $90k net. Should I take this on or pass because she's asking too much?

I have an real estate agent i am currently working with & they have reached to me about a home thats in pre-foreclosure and going to hit the market shortly, so i have asked if the home has any liens and whats owed on the property. Her response was they have a loan modification and the company wants 25% of the appraised vaule. what are the next steps that i take?