Upside Down

[Robert Burns]

I'm looking at a SF property that might have an ARV of $90,000. The owner is asking $70,000 and owes $57,500.
I just looked at the house and I don't think it's worth $57,500 in its current condition. Is there and REI strategy that could work here?

[Scott Nachatilo]

Yes - it's called move onto the next deal.