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Updated almost 14 years ago on . Most recent reply

User Stats

287
Posts
71
Votes
Allende Hernandez
  • Miami, FL
71
Votes |
287
Posts

High risk deal, please advice

Allende Hernandez
  • Miami, FL
Posted

Would you guys move forward with this?

Loan: 162K
Comps: 130K
PITI: $1214/mo
Years left: 26

He is willing to place a Tenant/Buyer for the same PITI and a 15 Years balloon. Rents in the area are about $1200-$1300/mo

Most Popular Reply

User Stats

566
Posts
356
Votes
Ralph S.
  • Real Estate Investor
  • Sacramento, CA
356
Votes |
566
Posts
Ralph S.
  • Real Estate Investor
  • Sacramento, CA
Replied

If you can find someone foolish enough to what, assume a $162k loan on a $130k property(?!), I guess they would also be foolish enough to give you an assignment fee.

Good luck with that....

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