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Real Estate Deal Analysis & Advice

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Jason Schmidt
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155
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does this deal look good?

Jason Schmidt
Posted Aug 3 2008, 10:44

I found a website that is local here, and it looks like they are offering property while doing the math for you. This property for instance, they say is worth $130k, but the asking price is $93,900 noting that there is equity of $36,100 already built in. (28.46%). They then proceed to do the numbers below:

deal, or scam??

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