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Real Estate Deal Analysis & Advice

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Scott Titus
  • Saint Peters, MO
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27
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your thoughts?

Scott Titus
  • Saint Peters, MO
Posted May 11 2015, 09:25

Hello all, seller is behind 8 months on his mortgage ($3000). The home is vacant but in good condition still. ARV is 65k. Mortgage has a balance of 23k (including past due). Piti is $400 a month. Seller just wants out. First deal. How would you approach? Ps. I would rather a big payday over rentals but am open to strategies. Thanks.

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