Wholesale Deal..54% Of FMV

There is a SFH I can get at 54% FMV. The seller is in BIG financial bind.



We are talking FL Waterfront.



3.6 million appraisal...



Would anyone care to elaborate?



Which is the best route HML wise?



Please advise...Thank You

Comments(3)

  • fredman22615th May, 2007

    I GOT SOMEONE WHO COULD DO THAT DEAL, DO YOU HAVE AN APPRAISAL ON IT ?

  • mcole15th May, 2007

    There are a lot of hard-money people that could do it. But what are your plans if you do get it?

    Typically, that expensive of a home is not a rental. Could you afford the holding costs long enough to sell it? Or, would you be looking to borrow that from a hard money lender as well?[ Edited by mcole on Date 05/15/2007 ]

  • Realtor-Investor17th May, 2007

    Google:

    Austin Title Company
    First American Title
    North American Title
    Independence Title

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