If your rents and other info is correct, the duplex is a no-brainer.For the SFH, I understand that one is for sale for 137 but, asking price and selling price can be very different.

I originally set this up for a lease option, but the fact that it isn't move in ready is discouraging buyers.In my world, if you owe $82.5K, the ARV is $90-100K AND there are necessary repairs it's called a no equity deal. :) Are you sure of repairs?

But that's a no go from what you say.

Like a said I am very new and this is a bit of a complex deal (for me anyways) so forgive me if this is a no brainer.

Originally posted by Mike Wallace: seems like a no brainer to me.

If you are buying at 75% FMV, then this it is a no brainer, run in the opposite direction.

At these numbers, is it a no brainer?

thanks a lot and i definitely will consider your options sir, its hard to negotiate when i am in a no cash or credit position. thanks for your input.

to me, that was a no brainer and helped quantify my potential risk.

In a no equity situation, the amount of your starting bid, plus the balance on the first, means there will be no other bidders.