Real Estate Agent · Jacksonville, FL · Member since 2016 · 102 posts · 8 votes
Are there any subject too investors here in Jacksonville that can help me out with a deal that i have?
Here are details summed up
This is a family house. My Aunt and uncle died left my cousin a house. They took out a 190k line of credit before they died. The bank is treating it as a mortgage and not a HELOC. Payments are less than $550 until 2037 when the loan is paid off . The Ouse has an ARV of 265k all fixed up. The house is in great condition it just needs updating. It's a 4/2 2400+ sqft in the good part of Arlington. It is going through probate and will be done next week. I need to know which direction to go with this because at 190k its not a flip but i know this can be a great subject too. I am in Jacksonville today as well
Real Estate Agent · Jacksonville, FL · Member since 2016 · 102 posts · 8 votes
9y
Hadar Orkibi the bank had it appraised at its current state its worth 210k the roof plumbing a\c electric foundation is perfect. It just needs some updating. It has wall paper. We owe the whole 190k