I had a lead contact me this morning and she is interested in selling her property but the problem is she has two liens and an outstanding loan balance of about 58,000 dollars.

I had a lead contact me this morning and she is interested in selling her property but the problem is she has two liens and an outstanding loan balance of about 58,000 dollars.

I'd buy close to a highway.

Apparently chase assumes 1% of the HELOC against debt so i am being slapped with a $4350 payment assumption despite having 0 outstanding balance on it.

Amazing contractor I have to pay it forward to for all his and his teams work on my properties. JR. Restorations is the company I have used for years for my properties.

-Family owned
-great pricing
-great time mana...

:D), buy back their outstanding debt, and park their cash waiting for the next opportunity.

Is it common to proceed UD with the nonsense repairs ( outstanding repairs) the tenant’s claiming, surely everyone has common sense sees what’s going on?

Currently the outstanding loan amount is $34,000 under the tax assessment so I can use the equity in future property investing.Yesterday an individual from a respected property group in the area stated the house would rent for $1,300 a month (which matches my research). 

My idea was to obtain a bank loan to cover the outstanding balance on their current loan and then create an owner financed note for the remainder of the purchase price. 

I would say your targeting and action is outstanding, but I think you might have moved too soon if the property is not cash flowing.