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Updated over 2 years ago,
Advice on how to stucture a deal
Good evening BP! I am currently under contract with an off market deal found during driving for dollars. The seller and I agreed on a purchase price of 250k, repair estimate is 75k, ARV is 400k+. The caveat is the seller owes 270k mortgage, the loan is 15 years in. Seller has agreed to come out of pocket 20k to get rid of the property but I wanted to know what suggestions or opinions you have, could I structure this in a better way, like a sub to? I've never purchased a deal off market much less ever done a sub to deal. Thanks in advance, as always I greatly appreciate your feed back!
Dario