Updated 5 months ago on . Most recent reply
Looking to make my first deal
I have connected with someone who is willing to sell me their property if I pay off the lien on the home. The current lien amount is approximately $45,000 to pay it off completely. The estimated appraised value of the property is $175,000. I am considering paying off this lien and obtaining a home equity line of credit, or using the equity in the home to purchase another property that I can use as a rental. This is my first deal, and I would appreciate any feedback or suggestions regarding this opportunity. Thank you!