Updated about 12 years ago on . Most recent reply
Son left with 6 properties.
Ok. Just got a call from a motived seller. Who is the son of the home owner who passed away 2 years ago. She left him and his 2 brothers with 6 property's in a low income area. Homes were all around $60,000 in 2002 to 2005. She passed away in 2011 and payments have stopped after she died. Overwhelmed is a understatement. I wanna help this guy out by wholesaling these property's but my question is, if I was to flip these propertys, he would still have a Mortgage payment right? Because in today's market the homes are valued around $20,000 and they were built in the 1960s. Looking for realtor advice and investor advise. WHAT WOULD YOU DO????