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Updated almost 8 years ago, 03/01/2017

User Stats

59
Posts
9
Votes
Andrew Pappas
  • Investor
  • Trumbull, CT
9
Votes |
59
Posts

Motivated seller with no equity-how can I help?

Andrew Pappas
  • Investor
  • Trumbull, CT
Posted

I found a very motivated seller, but he has no equity. He owes $126,000 on the property, and this is also what my CMA estimated as the value. I thought about making a subject to offer, but based on his PITI payments and the rent I could get in the area, I would be looking at negative cash flow after all my expenses. Is there anything I can do that makes sense for me and the seller? He wants to sell ASAP and not have to come out of pocket to fulfill his loan. Thanks!

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