Creative Financing Advice

[Toby Jurging]

Hello, recently a wholesaler brought a property to me, now just trying to figure out a way to make the numbers work.  I have tried running my numbers a few times, just can't figure out a way (currently) to make it work, so trying to see if anyone has creative financing solutions.

Background:

Single Family ... ARV 170-175K ... Rehab needed: 40-50K

Gutted, so conventional financing and sale is limited/out due to no water, etc

Seller is insisting on 110K, willing to carry the note

*not fully sure on financial side of things, free n clear or mortgage.  initial info was daughter bought off mother for 80k, tried to rehab and got in over head and quit (can't confirm that yet, trying to get more info)

I have tried to run different scenarios, just can't see getting the seller 110K.  My number scenarios put me in area of 70-75K offer

For it to work as a BRRRR, Rental I would have to be all in for 115-120K max

For a flip I could stretch it out to 125K (plus buffer space) and clear 20-25K

Any advice is greatly appreciated. Thank you