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Brootal

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Hi Everyone!

A lead came through my website today that is a little bit out of my lead and I would like some feedback before I tell the owners I cant help them.


The place used to be an assisted living facility and has been rented out as a small apartment place recently. Its a 4000sq ft house. With full wheelchair access, 10 bedrooms, 4 bathrooms, and commercial grade kitchen.

Recently the family that was renting moved out and now the owners are stuck with the payments and cant afford it. It could EASILY be returned to an assisted living facility if someone wanted to.

The assesed value is around 370,000 and they owe 250,000 on their first and only mortgage. Given the situation they would gladly accept what they owe to get out. Although the owner and I did not talk in depth about buying subject-to, I am fairly confident that they would accept to get them out of it.

I typically play in the SFH 2500 sq ft and less range, so most of my buyers are not interested. If anyone could offer any advice on how I could handle this situation I would appreciate it. At first glance it doesn't look possible, but if I can help I want to at least try, and of course get paid.

Thank you!
 
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Vjeplt gus vji siqmoit.
 
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Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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