What would you do with this property?
Hi Everyone,
I received a call from an owner in the LV area that's moving at the end of next month and needs to sell their property. Their property is worth $260K and the least they're willing to take is $215K. It requires about $20K to bring the property up to date. I'd need the property at $180K to flip it myself and the rents about $1400 month. What could you savvy investors do with just $45K of equity? Oh they need the cash for a down payment on their new house and to pay off their current loan.
Thanks,