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Updated about 9 years ago, 10/09/2015
Offer structure advice needed
I wanted to pick the BP community brain to see how would structure a deal.
I have seller with a FSBO. Vacant.
ARV $325k
Asking for $60k
Owes $230k
Monthly mortgage $1300
Wants $10k for immediate needs
Repairs will probably be about $15k. They replaced key things such as furnance, ac, roof. it was recently remodeled according to the seller but there is a couple things she is working on.
I'd like to make $7k on the whole fee (but flexible).
She is open to seller financing.
Also would you use a LLC or trust to wholesale the property to another inestor.
Thanks in advance for the help.