Looking for a Buy and Hold Investor for a possible subject-to in Chattanooga, TN

3 Replies

I have a co-worker that has a rental property in Chattanooga, TN and he wants to get rid of it. He owes approx. $130,000 and a 2010 appraisal pegged it at $140,000. Brand new roof after a storm knocked a tree down in 2010 (insurance paid for the repairs). It might need some minor repairs, but I'm not sure. I'm doing this for free, I want nothing from the deal. If you're interested, he's going down there to take pictures and see what repairs need to be done. He wants out of the property and doesn't care about getting any money from the deal. He currently has a family friend staying in the property until he can unload it. If you're interested, post or message me and I can get you in contact with him.

Thanks BP!

It's actually in Cleveland, TN which right outside of Chattanooga. Sorry, I failed to mention that.

Whats his monthly payment? And do you have more info on the house?

$800 per month. If you're interested, PM me, I know he went down there to take pics and see if there are any repairs that need to be done. If you're interested, PM me and I will give you his contact info.

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