Help me help my friend stay in her house

[Renee Harris]

Hi,

A friend is getting a divorce and her husband wants to sell the house to get his share of the profits. She'd like to stay in it. The house is in an exclusive area in los angeles. It needs comestic work on it. ARV after it is fixed up is 2.4 mil. The payoff is $800,000. She can't refi, her credit isn't great. The current mortgage is $5500 per month. An agent has already been by and said he'd move her into an airbnb, fix it up, new floors, paint, etc... and he'd list it and help her find a new house. She is thinking about that, but would like to keep the house ideally. Could a hard money loan help? What about a note buyer?

What creative stategies could work?

Thanks.

[Mike Dymski]

All of us would like to live in a $2.4 million home in an exclusive neighborhood but most of us can't afford it.  I think the cold hard truth is to have a high paying job or marry one.