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Updated over 10 years ago on . Most recent reply

Richard D.'s profile image
Richard D.'s profile image
Richard D.
  • Investor
  • from Fort Worth, Texas
  • Member since Apr 25, 2013
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309
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Richard D.'s profile image
Richard D.'s profile image
Richard D.
  • Investor
  • from Fort Worth, Texas
  • Member since Apr 25, 2013
Connect
Richard D.
  • Investor
  • Fort Worth, TX
150
Votes |
309
Posts
Buying & Selling Real Estate

Why Should I Not Run From This Deal?

Richard D.
  • Investor
  • Fort Worth, TX
Posted

I have a friend who is desperately trying to sell their house. The house is ok, about $7k for rehab costs. They owe $110k, but home comps for the area is running at $130k. I figure after closing cost I can pocket $10k. So why does my gut say leave it alone?

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