NEED HELP OR FEEDBACK IN STRUCTURING A DEAL

[Nicole Bryan]

Hello team,

I would LOVE your support with some creative thinking. Here's the scenario.

A wholesaler sent me a property that I ultimately decided  to purchase for $12,500

Wholesaler fee is $2500 so $15,000 all in

Deal fell apart because we learned that that seller owed $25K on a second mortage

She is an older lady and is receiving social security, but no other income

She says the bank won't budge - they won't negotiate down the 25K debt

Property is worth around 30-35K, needs minor cosmetic (a few thousand) to be rent ready

I've offered to pay 12.5K and have also offered a 5K loan that the seller would pay back to me over time but that only gets us to 17K.

Any other ideas from you creative deal structuring experts out there on how to make this a win/win? Owner wants to sell and I want to buy. And wholesaler wants to make her profit. But this 25K debt seems like a stumbling block.

Let me know if you have any amazing ideas please!!!

Thanks