Great deal, not sure what to do???
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!