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Updated almost 10 years ago on . Most recent reply

Jeff Hink's profile image
Jeff Hink's profile image
Jeff Hink
  • Investor
  • from Memphis, Tennessee
  • Member since Mar 7, 2015
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User Stats

54
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13
Votes
Jeff Hink's profile image
Jeff Hink's profile image
Jeff Hink
  • Investor
  • from Memphis, Tennessee
  • Member since Mar 7, 2015
Connect
Jeff Hink
  • Investor
  • Memphis, TN
13
Votes |
54
Posts
General Real Estate Investing

Help. Have a Deal that I have not done before

Jeff Hink
  • Investor
  • Memphis, TN
Posted

We are flippers and have never bought a house this way.  We have a property the owners are thinking of filing bankruptcy. They owe $35K and the house is worth best. $44K.  We are thinking of offering $9K and take over payments.  It needs about $15K in work to get it rentable. How does this work?  How do you analyze this deal? What paperwork is needed?  Any help would be great? 

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