Posted by michael on February 06, 2002 at 19:32:12:
You only need to know one thing before you decide to do a deal…will the numbers work, that’s it.
It is pretty skinny deal and would be hard to make anything from and assignment with all the back payments owed. I personally wouldn’t carry a property I couldn’t get as least $100 a month profit from. So, if all else fails, I would offer the owner and option and try to sell it retail.
In the end it just depends on what you want to do and deciding if the numbers work. I hope some of these idea’s will help!