- Joined
- Nov 11, 2008
- Messages
- 28
Hi Everyone,I received a call from a homeowner and it looks like it could be a good opportunity...
First of all, this is a mobile home. The seller told me that she owns the land, so there are no lot fees or rental fees, just taxes.
Appraised value = $285,000
Asking = $200,000
Owes = $200,000
Payments = Behind 2 months @ $1100/mth
The house apparently doesn`t need any repairs and is currently vacant. So far it looks like a prospect, but of course, more due diligence is necessary before coming to a final decision.
It would be very difficult for me to take this to the next level while living in Edmonton and working a full time job, but I`d like to see if any of my fellow REIN members would be willing to explore this opportunity with me so we can help her out together!
Let me know if you`re interested and we`ll chat...780-983-9392.
Thanks!
First of all, this is a mobile home. The seller told me that she owns the land, so there are no lot fees or rental fees, just taxes.
Appraised value = $285,000
Asking = $200,000
Owes = $200,000
Payments = Behind 2 months @ $1100/mth
The house apparently doesn`t need any repairs and is currently vacant. So far it looks like a prospect, but of course, more due diligence is necessary before coming to a final decision.
It would be very difficult for me to take this to the next level while living in Edmonton and working a full time job, but I`d like to see if any of my fellow REIN members would be willing to explore this opportunity with me so we can help her out together!
Let me know if you`re interested and we`ll chat...780-983-9392.
Thanks!