I have the buyer, the house, but no $!

[MANUEL VALBUENA]

My Buyer:

- about to lose HIS house to foreclosure, has now stopped making payments.
- has $15k, and makes about $3k/mo in Tacoma WA, will probably save up a LOT of $ since he is not going to be making his trustee pmts anymore. ($3,500MO!! and the house is underwater)
- Obviously, His credit is shot, filed CH 13 plus he has Tax liens and Backowed Child Support up the rear. (about 70K total in IRS/Child)

The House:
- 2/1B in North Tacoma, tax assessed $190K, on sale for $150K but i will negotiate at least $125K to make it a 65LTV so an investor will look at this.

PROBLEM:
1. I can TRY to negotiate the deal to $120K from Seller so i can wholesale to Investor and make roughly $5k.
2. I can TRY to get my own financing through hard money ($120K) and get my Buyer into the house at least paying me the hard money payments, then 6 mo. later take a loan out at 75% LTV of a projected FMV of $180K which is $135K which would allow me to pay off HML and lower my interest in order to have positive cashflow from tenant monthly payments. then fix tenant's credit (?) and get him financing?
3. Birddog this whole damn thing to someone else to deal with it and make $2500.

-.-'

Please... options? :idea: