Hawaii Creative Finance Opprtuntiy

[Clay Sellers]

An older family member is being forced by circumstances to list his house in HI. He has ~$900k in equity. He really doesn’t want to list the house. He simply wants to get out from under the payment, if he can.

Ultimately, He would like to stay and live in the “granny flat” or Ohana unit and be a “house manager” for the property.

Are there any creative suggestions people might have in how I can help him and seize on an opportunity? I can provide additional details if needed.

[Derek Dombeck]

Sell the house with seller financing terms. He could carry a wrap around mortgage in 2nd position which would give him income over and above the existing debt payment and as part of the deal, he can stipulate a lease to live in the Granny Flat for a set amount of time.