Posted by Michael Morrongiello on December 08, 2000 at 21:34:54:
I am not sure what you have found? Perhaps you can elaborate for the benifit of us all with some more of the details here?
What type of property, location, condition, etc.?
What is the property worth “as is”? and then fixed up?
What needs to be done to the property so that it can acheive its “fixed up” value?
What amount of cash do you have to put down?
Did you say the seller owes $15K in debt agaist the property, this is not 100% clear?
With some detailed feedback to these issues, one can better determine IF in fact this is a “Deal” or a “Dog” and better prescribe a mode of attack here
To your success,