Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Enrique Novoa
  • Cicero, IL
0
Votes |
1
Posts

NEED HELP STRUCTURING DEAL

Enrique Novoa
  • Cicero, IL
Posted
hey guys i need some advice on a potential property i can pick up, prpoerty details- located in chicago,IL property worth 160k seller owes 145k needs about 5k in repairs good area he wants out maybe 5k in his pocket but considering this deal it doesnt look like a wholesale deal be ause of the numbers but what i want to do is keep property for my self and take on payments just because market is growing there i can just sit on it and rent it. Now, the seller is filing bankruptcy in couple months would that affect the current loan? also my credit is not all that so i doubt ill fet approved by bank to take on current loan if they do check mt credit on this transaction. any type of advice will be helpful.

Loading replies...