Upside down property that ended up not being great.

[Jack Young]

Hello bigger pockets. I have had a small amount of real estate investment training from a friend who is a real estate investor, however I've never done a deal. My girlfriend bought two investment properties in the last year to act as airbnbs after minor rehabilitation. 

H ere are some facts:

Both houses are in non-centralized locations and Phoenix metropolitan area, meaning they are not close to highways or freeways airports, or a significant locations. This means that bookings on Airbnb are less premium. 

secondly, she paid full market value for both, but does not own either outright. 

third, the financial strain has begun to cause issues. 

what I am hoping for is an easy way out of the property even though a real estate agent wouldn't touch it due to its lack of equity. Is there any potential for something such as a large investment firm buy out the property or would an investor even consider the property, which has already been rehabilitated furnished, etc. Realistically, if somebody could just do a mortgage takeover or ideally pay off the mortgage with their own financing, that would be a great relief. Even getting rid of one of the properties would help a ton.

[Mason Weiss]

An investor might be willing to take over the mortgage depending on how much is owed and the property itself. I am doing this with a client right now in Phoenix actually. I will DM you to see if I can help out at all.