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Updated over 16 years ago,
Possible Sub2 deal
I'm looking for help structuring this possible sub2 deal:
$154k mortgage
$11k mechanics lien via bankrutpcy
$8k rehab
$4k back taxes/get mortgage current/moving money for owner
$220k arv
My plan is to buy sub2, rehab (2-3 weeks) and either refi and lease option or flip.
I have never bought sub2, so I was hoping for some feedback from the forum. thank you