Possible Subject too deal in Jacksonville FL
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