Why in the world - Posted by Carol
Posted by Carol on June 03, 2000 at 16:36:19:
would you want to stretch to purchase a property AT BEST at its full value, just because the seller is in BK and is asking over market.
Looks to me like you are writhing trying to figure out how to make a silk purse out of a sow’s ear… and then rehab it to boot.
Maybe there is something here I’ve missed, but if the property is truly of interest in and of itself, it would interest me at a cash offer of about 65k, supposing that your evaluation of 95-100k is accurate… cash out, close the door, and that, only if the repairs were minor in cost.
There ARE real deals out there. Wish someone had been around to cut me a new one when I first got started and insist that I do really GOOD deals… on the other hand, experience is a wonderful teacher.