Is this a deal? If so, how should I approach it? - Posted by Michel (TX)

Real Estate Investing
1

Posted by Bud Branstetter on March 05, 2002 at 22:08:07:

What does he want 5 now 20 later? Or 20 now 5 later. He could refi to provide cash for some of his equity and rehab.

2

Is this a deal? If so, how should I approach it? - Posted by Michel (TX)

Posted by Michel (TX) on March 04, 2002 at 20:37:01:

3/21/2/2 brick, 1,900sq. 14yrs old. Paint and carpet needed.

FMV: 115k

Asking price: 93k
PITI: $875
Mortgage left: 68k

Presently leased out at $850. Owner tired of landlording and wants equity out of it.

Any suggestions?

Thanks!