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Updated over 9 years ago on . Most recent reply
![Elaine Lau's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/308695/1621443293-avatar-elau98.jpg?twic=v1/output=image/cover=128x128&v=2)
Subject to or straight wholesale deal?
I am looking for advice on how to structure this possible deal. Here are the numbers:
ARV: $690k
Loan Balance: $320k with 1st position loan $220k and 2nd position loan is $136k. This is a preforeclosure home with a NOD $8,600. Equity is about $370k
I am thinking of purchasing this property myself doing a subject to or wholesale it. Is it true that I can negotiate with the second lien holder? If so, do I need an agent to do that or can I negotiate it myself? How would you guys structure this deal?