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Updated over 11 years ago,
Can I make this a deal?
I have a motivated seller but this would be my first wholesale deal and I'm not positive I can make this deal work.
It is a 3 Bed / 2.5 Bath Townhouse
ARV $105,000
Estimated Repairs $2,000 (clean-up from tenant, paint, carpet)
Remaining Mortgage Balance on the house $85,000
The seller was renting it out for $990 / month
Looking to sell ASAP but obviously won't take less than $85K
Is there anyway I can work these numbers for it to be a good deal?
He is open to seller financing, but I'm not sure how to set it up to make it work...
Thanks for any advice!