Looking at a deal in NKY. How to know if I should go subto ?

[Jared Fracker]

Looking at a deal in Northern Kentucky. It has been on the market for 45 days. They just lowered the price for the second time, now its close to the comps in the area. Current owners lived there for two years and did A TON of updates. About 20-30k worth. They bought at $325k on 1/21. And now have bought another house and moved out. They want 360k for it, but highest offer has been $350k. Seller is open to paying for closing costs and or a rate buy down since I was going to go the traditional financing route. Now I am thinking it would be a great Subto deal. I went directly to the sellers agent, she seemed pretty confidant that the seller would do the rate buy down and pay for closing costs. So I am curious about how much they will make on this transaction and if just offering subto with a down payment would be a homerun here? And how to go about it?