Looking for Advice on Multifamily Pre Foreclosure

[Andrew Jambor]

Hello BP!

We are looking at a 2 family pre foreclosure in town that has a market value of $250k and was purchased in 2006 for $360k. We were able to locate the seller and are still determining if there are any liens on the property. What would be a good approach to make this a win-win for the seller and us? What kinds of financing options would make sense in this situation?

Thank you in advance!