Help structuring/JV turnkey [email protected]%+~200K equity seller finance deal to whlesale

[Alexander Yarema]

Good evening everyone!

I am working on structuring and getting under contract to wholesale my first turnkey, mid-2010s, 4bed/3+bath/2 car/~2200 sq ft hybrid (Subto+SF) deal in Atlanta GA that I need some help/JV on to get to the finish line.

Why it's a deal:
The underlying debt is attractive (~500k @ 4.375% ~200k equity at 0%/very low payment with long AM). Explained to sellers + agent investor on 3-way call general hybrid deal process. they were open and interested.

Terms they asked for:
7-day inspection then quick close, bigger downpayment (asked for 100k), and PP of 725K. They said if can get those, they would be very flexible with any other terms for the remainder of equity.


Current roadblocks:
However, PITI=~4300 >LTR=~3500 and entry would be high at 15-20% so likely the best exit for this would be to buy creatively, and hold until find a wrap buyer, which I am not familiar with how to quickly find.

Other two best alternatives = quick pop and top flip by finishing basement + very light cosmetic rehab/upgrade OR MTR as within 15 min drive to 2 of the biggest hospitals and Atlanta GA, and close to the famous East Lake Gold club which is part of the tour.

If you are familiar with structuring hybrid deals, wraps, and/or Atlanta GA markets, please reach out. If not, please tag anyone you can think of that may be able to help. Thank you!

(Scenic picture of nearby famous East Lake Golf course for algorithm)