Posted by Stacy (AZ) on March 19, 2001 at 21:04:53:
I’m not an expert, but too bad. I’m giving you may opinion anyway. If the market in your area is like mine (still seller’s market), this is what I’d do:
Deal #1: Buy it
Deal #2: Buy it.
If your market is still OK (and it should improve somewhat with interest rates possibly going lower), you’ve got your first subject-to deals. Funny how sometimes you get exactly what you’ve wished for, isn’t it? Make sure to factor-in realistic values and holding costs for 1 bathroom houses, which might take a little longer to sell. Make sure to do your due diligence, and get title insurance.