Deal or Dud?
A hotel owner that I know reached out to me to buy one of her SF properties...First she wanted to sell me her note, 80k was the note, she was doing an owner carry...he ended up defaulting so now that the property is vacant she reached out again.
She said she just paid the taxes and it's valued at 75k, she'd sell it for that much, I told her no so then she said she'd sell it for cash, 39k
Next step... comps
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Deal or Dud?
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