Real Estate Question

Hello!!

I have recently obtained a position with a company who accepts proposals to to buy distressed property with a 40% cash/equity ratio. I know this is a pretty high percentage so I am asking if this is rarity?

Im from the Philadelphia area if this makes any difference. If a proposal is accepted, I do take a 30% cut from the average market price of 3 comparable less the purchase price + repairs. Do you think that this sounds like a hoax???

Does anyone know of any RE/Investing groups in my area?


Thanks for any replies in advance!!
Joere

[ Edited by joere on Date 05/24/2004 ][ Edited by joere on Date 05/24/2004 ]

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