Apt With $150K In Equity (Pre-Foreclosure) Options?

Need some advice. Don't want to get into apartments. Is is possible to flip this to an investor? Location is Detroit, MI.

Comments(5)

  • telemon24th February, 2004

    Even if I didn't want to get into apartments I would find a way to buy this and flip it.

  • KyleGatton24th February, 2004

    Yeah just take a bird dog fee when they close, I would pay that at closing. I do that on the properties I dont want to do with anymore, or I just forward it to a realtor friend I have that sends me good leads. You should either put it under contract and post it on TCI Realty or start contacting the people you know. With that much equity I for one would be interested.

    Kyle

  • commercialking7th April, 2004

    well there is the issue of $150,000 equity in a deal of what size? How much do they want for the complex.

  • InActive_Account8th April, 2004

    Need more information on the complex. # of units,unit mix,amenities and etc.

  • hibby7618th April, 2004

    How did you arrive at the $150K equity? Appraisal? Comps?

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