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Real Estate Deal Analysis & Advice

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Skylar Howard
  • Real Estate Consultant
  • Siesta Key, FL
50
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421
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Great deal, not sure what to do???

Skylar Howard
  • Real Estate Consultant
  • Siesta Key, FL
Posted Aug 3 2008, 10:48

Hello all - I need some advice on a deal I'm working on, I welcome any suggestions.

ARV $250k

1st $82k

2nd $52k

repairs $10k

The home owner is one month behind on his payments. With the 2nd in a vunerable position, at first look you would probably say go beat up the 2nd. But, the seller is wanting $20k to walk and deed me the property. The payments are $1050 (piti). Please help!

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