CREATIVE DEALS- Spin on Seller Financing

[Adrienne Vesey]

Hello to all,

So you see the situation in the description. The seller is older and not aware of the possibilities of the property and doesn't want to deal with rehabbing. My idea is since the Owner has close to 100% equity in the property they could refinance to get the money to rehab the property and get it rented at the market rate. I would arrange for my company to manage the whole rehab (contracts to be used of course) and furnish the property. After the property has been rehabbed and able to be rented my company would rent the property from the Owner. The lease would allow me to rent the property out short term and do AirBnB collect the additional income after expenses are paid. What do you think about this strategy?