Creative Financing Options With An Existing Mortgage

[Tyler Deuel]

I am looking to do a deal on a home worth about $300,000 with an $80,000 mortgage remaining. Is there a way to combine sub-to and seller financing to make this deal work for the seller (assuming the numbers make profitable for me to rent the property)? I would like to remove the burden of the mortgage payment while also giving them some profit in the short term and offer a balloon payment in year 10. They will not accept the deal if it is just a subject-to offer in the amount to cover their mortgage payment.