All Forum Posts by: Account Closed

@Tracy Walker, Hello!
I'm from Montgomery County, Maryland and am also new to investing. Working on my first deal now. There's a great REIA meeting every 3rd Monday of the month in Bethesda, MD check it out it's a great resource and networking exchange.

She is 3 payments behind, approx $6500 is due Nov 1st

I have a motivated seller in Maryland who is looking at possible foreclosure. I base my numbers on: (ARV x .65) - repairs = Max Offer. In this case: (285K x .65)-15K= (185K) - 15K = 170K max offer. Her mortgage bal = 75K. I am being told these numbers work everytime. However, I know my seller will want to know why my offer is so much lower than 285K? She knows repairs would be around 15K-20K. 1.)Does my max offer sound right? 2.)Which is a better exit strategy: subject to or assignment. She's abt 3 mos behind (abt $6500 due Nov 1st) she's getting FC notices.