Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

29
Posts
8
Votes
Dyrol Harding
  • Structural Contractor
  • Coral Springs, FL
8
Votes |
29
Posts

Property in Stroudsburg Pa - Strategy

Dyrol Harding
  • Structural Contractor
  • Coral Springs, FL
Posted

I was looking at wholesaling a property in Stroudsburg Pa but the bank will not allow me to assign the contract. The bank has accepted a price of $260,000 and comps are $340K. Here are the details on the property:

Beds 4 Bed

Baths 3 Full, 1 Half Bath

House Size 4,530 Sq Ft

Lot Size 1.3 Acres

Year Built 2000

The property is not listed on the MLS. Does require anything more than painting and changing a few light fixtures. There is a tenant in the house who really wants to purchase (I intended on assigning to her) if she can get financing together. Eviction proceedings have started and will take a couple weeks once the marshal is contacted. The tenant is also willing to rent until they can purchase.

Can anyone recommend a strategy that will not require any/much money to do this deal? I appreciate your feedback.