Postby dodint » Thu Feb 11, 2021 3:17 pm
Anyone here do any house flipping?
I have a client who just wants to get rid of a prefab/trailer home off of Rt. 22 in Murrysville. The short of the story is because she owns a home she no longer qualifies for certain social security and Medicaid programs. If she unloads the asset it unlocks more entitlements to bolster her fixed income.
She paid $50k for it, she thinks it's worth $10k as it stands, and it has $4.7k of back tax liens on it. She's literally trying to give it away. She says it's structurally good and looks fine from the outside. The inside needs work. Some non-code wiring, needs walls patched up or replaced, same with some floors, and it's going to have an animal smell until you clean it.
But, it's free, so if you're already a flipper you're starting with a floor of $0 to $4.7k and whatever you put into it.
She's a Pro Bono client so I don't have a stake here. No finders fee for me. Just trying to find a solution to her problem as she doesn't have any real legal remedies.