Newbie needs advice on first flip: I’ve under contract a single family for 25k, appraised 6 mos ago for 42k. Looking to assign for 35-38k to investor. The catch(es):
Three liens on house- town tax, state tax, and IRS
contract stipulates buyer to pay all closings, buyer and seller; current owner is totally broke, out of state and has left house to be foreclosed upon.
If anyone has seen or heard of anything similiar please drop me a line, and/or, any other ideas are welcome
thanks