There is a house for sale.
ARV:$390,000
Repairs:$0
Her mortgage balance is $262,000
Her bottom price is $360,000
Is there anything I can do? She wants money to pay bills, and down payment for next house.
She is NOT motivated, RUN!
There is no deal here.
Just curious. What would you do with the house if you bought it?
I know she can’t get $360,000. What should I offer her? I was thinking about lease option. How would I go about that?
Depends how bad you want the house along with how much cash you have to put down and how much cash she really needs.There are ways to make the deal happen but I dont see enough information to say.