All Forum Posts by: Eugene Ogbeide

@Tom Webber  @Brian Huber Thank you both for the responses I had intentions on flipping this deal to another investor but if I was to go the short sale route I wouldn't be able to or is there another way to turn this into a deal?

I have a property that I'm looking at the seller is highly motivated doesn't want to see a dime from the house just want to get rid of the problem.... She still owes 62k on her mortgage and the ARV of the property is around 79k to 85k. she is willing to do a subject to deal with me but come to find out repairs are costly... roof leaks foundation problems walls are cracked and to top it off plumbing issues some one did a bad job on the pipes with cosmetics repairs come out around 45 to 60k.. my question is should I run from this deal or is there a way to actually turn this into a deal????? Help me out BP

Wow i did not know thank you for the heads up @Bill Gulley 

time is of the essence so any suggestions on how i should go about this?? like exactly what i need to find out they have refinance the house before so can that be a problem? what else information do i need to evaluate this deal?

I have a lead that just contacted me they are in the pre forclosure stage the property is located in a very nice subdivision in Grand Prairie TX I'm planning on walking thru the property  some time tomorrow evening. The seller is very behind on payments and has owned the house for 15 yrs or more and does not live there so she doesn't want the house to hurt her credit.IF ANY EXPERIENCE INVESTOR WOULD LIKE TO ACCOMPANY ME ON THE VISIT I WILL GREATLY APPRECIATE IT  I'M A NEWBIE  so all i want is to learn what to do and how to actually seal the deaL and to evaluate if this is a deal we can split the profit or i'll take a finders fee i really just want the exprience