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Updated over 8 years ago on . Most recent reply

User Stats

41
Posts
16
Votes
Joe Garbarczyk
  • Wholesaler
  • Jupiter, FL
16
Votes |
41
Posts

How should I structure this deal?

Joe Garbarczyk
  • Wholesaler
  • Jupiter, FL
Posted

I need some advice please. Here's the situation:

- Motivated seller who lives out of state
- Property is in Center Point, AL 35215
- I'm a virtual wholesaler and live in FL
- ARV $69k, mortgage balance of $47k with monthly payments of $283
- There is tenant in there who is behind on rent and they need to evict, but don't know the steps or how to do

My question is - what is the best way to structure a deal like this? Seems like a wrap or subject to would work here but I'm still learning and haven't executed a deal like that before? Any and all advice would be appreciated!

Most Popular Reply

User Stats

2,871
Posts
2,501
Votes
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,501
Votes |
2,871
Posts
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

Hey @Josh Anderson what does the "dark" side of town mean?? I am from San Antonio so maybe that is a local term, but I have never heard that term before.

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