Let's analyze this sub2 "deal"

[Dustin Mathenia]

I came across a wholeseller assigning a sub2 deal on fb. Post basically said UPB 105k 4.5% loan house built in 2006 4/2/2 1800 sq ft ARV 190k. Cost to close the deal 25k. This house was 2 hours away from where I live but the pictures showed the house has already been remodeled. So it was an interesting looking deal. I went to see it, the house was in fact recently remodeled in the last 2 years and in great shape just a little dirty. But when I talk to the wholeseller I find out that he in fact wants 35k to close the deal 15k to bring mortgage current 10k to the seller and he wants 10k assignment free. Now this house was hard to comp to see if it would be worth the 190 no houses sold near it but when I run the numbers I should still be ok selling at 170.

I did make 2 offers first was 25k to the table the way it was originally presented.

2. I offered to partner with the wholeseller I'd put up the 15k to bring mortgage current he paid the seller then we just list the house 50/50 split. It really doesn't need any work but I still put 5k in my numbers for cleaning, pictures, and inspection list repairs etc.