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!

Comments(1)

  • plaury5th August, 2004

    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

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