Is there a way to create a deal for this property?
I have a lead on a 1348 sqft 3/2 home that has an ARV in the 110-115k area. Owner owes 82K. He has tenants that will be moving out soon and doesn't want the house any longer. He says his current rent is 1k a month. Rentometer has that # at the median.
I am open to either flipping or renting property so all those options are available to me.
Assuming that to flip to rehab the house would need about 25k and to rent 10-15k is there any creative way to make this a profitable deal at a purchase price near 82K?
Sean