need help with a deal!!!! - Posted by Paul


#1

Posted by michaela-CA on August 11, 2011 at 18:15:28:

Doesn’t look like a deal to me


#2

need help with a deal!!! - Posted by Paul

Posted by Paul on August 11, 2011 at 15:27:36:

I found a duplex for sale 160k sfh around
the same size in the area sell for about
135k

Unit 1: 2bd 1ba 880 sqft rented.to a long
term tenant for 650per mo (long term
tenant)

Unit 2 2bd 1ba 770 sqft rented for $700
10mo left on lease

Owes 125k wants 25k to walk away with
so that’s down to 150k

Has a 2 car detached garage and its in
Colorado

He is tiered of being a land lord and
wants to cash out what

How should I approach this


#3

Re: need help with a deal!!! - Posted by Chris in FL

Posted by Chris in FL on August 12, 2011 at 21:18:51:

Don’t know about others, but I can find deals a lot better than that… I’d offer to take it over subject to, but paying seller next to nothing, take it or leave it.

Best wishes,
Chris in FL


#4

Re: need help with a deal!!! - Posted by DJ-nyc

Posted by DJ-nyc on August 12, 2011 at 10:31:05:

nope; no deal. Keep looking. Too much inventory to do this one. Find someone who wants nothing to just walk away. Get the deed or do a deeply discounted Short Sale.
DJ-nyc