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HomeForumsReal Estate Deal Analysis & AdviceIs there a deal here?
Dan Duran's profile image
Dan Duran's profile image
Dan Duran
  • Wholesaler
  • from San Francisco, California
  • Member since Dec 30, 2008
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Dan Duran's profile image
Dan Duran's profile image
Dan Duran
  • Wholesaler
  • from San Francisco, California
  • Member since Dec 30, 2008
Connect
Dan Duran
  • Wholesaler
  • San Francisco, CA
0
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20
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Real Estate Deal Analysis & Advice

Is there a deal here?

Dan Duran
  • Wholesaler
  • San Francisco, CA
Posted Sep 21 2010, 14:45

Hello,
Any advice on this deal would be greatly appreciated. I usually take over properties subject to and flip them myself. I have one now that is too skinny for me and would like some advice on what else I could do.
Here is the scenario: ARV is between $350K and $360K.
They owe $280K and fix up would be at least $50K. It is a big house in a desireable area, and they would want to sell it before the bank takes it in early October. If anyone has any suggestions, they would be greatly appreciated.
Thanks,
Dan

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