All Forum Posts by: Dhane Crowley

She is upside down, so you need to do a short sale. The bank will not allow her to walk away with any money if they are taking a loss. How in the world does she figure she can get 40k??? The house has no equity. How can she seller finance??? There is no deal here.

Thanks Rehab702. Thats what I was thinking too. She is definitely out of her mind for asking for $40k up front.

Is there any other options that your would consider?

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I have a lady who needs to sell her house.

ARV: $540k
Loan Amt: $591k
Mort Payment: $2400

Obviously, she is upside down. I was thinking she is going to need a short sale.

I would offer to buy around $327K (cash).

Now, she is wants $40k to take the house off her hands, that she will seller finance, and she will also pay the 1st years mortgage.

What do you think a good offer would consist of, if one even exist?

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Hi,

I have a potential deal that I am considering offering and wanted to get a 2nd opinion or two about my offer. Here are the numbers:

ARV: $447.5K
Ask: $397.5K
65% off the ARV: $271.2K

Here is what Im thinking. I will negotiate a contract to buy @ $271.2 (cash). The house is in pretty good shape, so I dont think it will need to many repairs. I estimate that it should take about $75k to cover carrying cost, repairs, and assignment fee.

So that would mean an investor would have to put about $75k in up front, totaling up to a total cost of $346.2k to the investor.

Im thinking that leaves him/her around $101.3 in equity after everything is done based off the ARV.

What do you think. Is that a good deal?

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All Forum Posts by: Dhane Crowley

Dhane Crowley has started 2 posts and replied 3 times.

Post: Whats your opionion?

Post: Whats your opionion?

Post: What do you think about this deal?