Part Subject to and 200k cash

[Stephen Mozingo]

Seller has mobile home park w/ 21 mobile home, 7 A-frame apartments and 2 other small apartments for 1.5m. He has 1.3 as debt/mortgage.  Before the call I was expecting to simply ask about seller finance but he mentioned the mortgage of 1.3 and the seller simply wanted to cash out. Not expecting this I asked if he would consider subject to the 1.3 and 200 cash. He says it would definitely be a consideration and he would send over the property details.

I don't have 200k cash.... which actually looks like the sellers agent commission plus attorneys fees for drawing it up and closing so maybe 275k.

Yall go easy on me, this would be my very first deal. So, with this limited info will you give me some ideas?