Help with a deal in Nashville
I'm a new investor, and have been getting some leads from my website, but most of them come from outside my local area. The first real deal that I've come across is in Nashville. The lady has moved to Florida and just wants to get rid of the house.
Here are the property details.
The property is worth about $200k according to realquest, zillow, and cyberhomes. She owes about $164k and just wants to get out. I believe she is a month behind, owes 2100 in taxes for 2007, property just needs minor repairs, payment is about $1200/month at about 8.5% interest. According to rentometer, the average rent in the area is about 2,000 per month.
Thanks, Andy