Just make sure you have a great contracting crew in place before you take on any value add type investing.

You would just take over payments on her existing mortgage.Another option is you write the contract for the $215K that Zillow estimates and you tell your bank that the $31K down payment is coming from a gift of equity.

Most states require you to be licensed to perform a wholesale deal in which you negotiate a contract, market that property and contract and then assign it for a fee.

As I prepare the unit for the next tenant, I'm finding the gas stove cooktop and the inner oven glass particularly challenging to clean.

Thanks everyone... it has been a few weeks of search and showings and we are actually under contract on a home in San Antonio, TX!

If it's a double close, it's a full on contract to purchase. 

The electricity, administrative fees, water, and gas are significantly higher compared to Colombia.

Example- A real deal that we are working on right now: A Homeowner wants to sell their house for $170K and is open to doing a subject to or contract for deed. 

Most off market purchases cannot easily be comped with mls properties that comparatively have no risk and are in much better condition).so …Pay for a fixed fee mls listing with the property already under contract.  

@Alysa Greenehi. no offense intended, but if you have to come here to ask what to do next... maybe you weren't ready to put this property under contract.