Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

33
Posts
2
Votes
Shaeida M.
  • Homeowner
  • Lawrenceville, GA
2
Votes |
33
Posts

HELP!!! Is this a deal or a flop??

Shaeida M.
  • Homeowner
  • Lawrenceville, GA
Posted

Hello BP family, 

I ran into a situation that may be a deal, but I'm not sure. I need your opinion on what my options are? 

Subject: 4br /2ba  townhome in Lauderdale Lakes Fl. The estimated market value is $120,000, minor repairs need.

Owner: She owes $90,000 on the mortgage, she rents it out for $1600 and has a cash flow of $445. 

Situation: The owner is going through personal issues and no longer wants the property.   She said  she would get rid of the property for $10,000-$15,000.  She needs that money to move out of state and start over again. 

Question and/or advice:  Is this a wholesaling, buy and hold or flipping opportunity or is this a flop? Thank you in advance.    

Loading replies...