Selling distressed property with substantial equity

[Wesley W.]

How should I approach this deal to mazimize my profit? Should I do a "subject to?" Should I buy the property to bring it current and sale it there after? I really need advice. Thanks in advance.

[Curt Davis]

Is the home bank owned or is it privately owned?  

If bank owned you will have to purchase it or do a double close if you have a cash buyer ready to go.

If privately owned you could ask for owner finance and try to flip without making any repairs.  If the deal is good enough you might be able to find another investor willing to take the project on. 

Good luck