Is This A Deal Gang
Situation: House is in Pre Forclosure. Owes $189 between the first and second. Home one year old could sell for 230 240k. Would need to put in back yard sod that is it. Looking to get the property and flip it. Trying to get a home of the homeowner, he works nights and never seems to be home. Any ideas on how to approach this. Is there enough equity to flip it or should this be a lease option.
Thanks gang.
Chad
Thanks for the info. Sod would be an area of around 2000sq ft wich would cost about $800 and 6 hours of work. We would be excited to get 25k to 30k on a flip. In Colorado that is a good money for 30 to 60 days for work.
Great advice. Yes house is 1 year old, have no idea why he has not sold, it is in preforeclosure, something happend to where he is not making the payments now. If did not pay taxes that would only be for a year, house identical to it just sold for $235k.
This looks like to same post below, "What would the pros do?" Not much point in concurrent threads....