IS this a good deal?
House on Mississippi Coast. Owned by man in Military. Transferred and needs to sell. Appraised at $572,000, needs $85,000 in repairs, asking $375,000 which is about $200,000 less than appraisal. Good neighborhood. Recent property sales in area are in this range. House built in 1929. In 1996 developer bought house completely modernized the house.
Current house notes are $4,500.
Then I get this information, "There is a lawsuit pending against the developer and real estate broker". I have asked for more info about this but just sent the email a few minutes ago.
In any event I cannot find an investor to even talk to about this. I am a newbie and don't know any.
Am trying to determine how to find a few. I really just want to do a deal with someone else taking this over. Pay me a finder's fee and i will be happy.
Any suggestions
Alice