Updated almost 10 years ago on . Most recent reply
First deal maybe?
Hello all, quick question. I may be staring my first deal in the face. There is a house a friend and I are looking to buy and turn into passive income (our first property). A little details on this, a 4/2 home in a quiet neighborhood, 3 blocks from the city zoo, and 10 minute walk from a major university in the city. Stopped by and was able to talk to one of the neighbors walking their dogs. Owner is a divorced female stuck with two mortgages and selling this particular home for 26k (how neighbor knows this is beyond me) in a neighborhood where all other homes are appraised at 70k or more. I will be calling seller in a couple of days. What advice would you give before, during and after I speak with seller? Thanks in advance.