I have a homeowner that is tired of being a landlord. She lives two hours away from the property. She owes 90k and paying 815/month PI. She has a tenant paying her 715/month. Homes are selling for 40k-50k in the area.
The only thing that I can see to doing is a short sale. Anyone have any other creative ideas on how I can structure this deal, or is it a deal at all. Thanks.
I have a homeowner that is tired of being a landlord. She lives two hours away from the property. She owes 90k and paying 815/month PI. She has a tenant paying her 715/month. Homes are selling for 40k-50k in the area.
The only thing that I can see to doing is a short sale. Anyone have any other creative ideas on how I can structure this deal, or is it a deal at all. Thanks.