Questions On My Forst REI Property.
Hey everybody,
What a great site with invaluable information. Thanks.
Here is the question. I am not really sure if the numbers on this property are good enough. The property's FMV is $92,500. The home owner owes $92,000. The homeowner has to move, because of a recent divorce and possible transfer for his job. The property is 1982 sqft, 3bd 2 ba, screened Fla room, no garage, 3/4 ac lot. The property was built in the 70's. The owner just wants someone to take over the property. Any suggestions appreciated!
The first question ALWAYS is "What are you planning to do with the property once you have control of it?" If you don't have a plan prior to purchase, why would you buy it? :-? :-?
Paul