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Updated almost 7 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Jimmy Mauvais
  • Lehigh Acres, FL
1
Votes |
8
Posts

First Subject To Deal...And it’s a creative one

Jimmy Mauvais
  • Lehigh Acres, FL
Posted
Hey everyone! I have a deal in the works that is in the verge of falling apart. I am a subject to Investor in the Swfl area and my seller has a property that is worth 230k willing to sell for 200k. They have a 150k mortgage on property and willing to carry a 50k note. The issue I am running into is they need 30k upfront to purchase their new home. An idea I had was to involve a note buyer however most will not take a second lien position and want 3-6months min of payments. I even considered a wrap around. Any suggestions as to how I can give the seller what she wants and come out the deal with no money from me attached Thank you all

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