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Updated about 9 years ago, 10/09/2015

User Stats

164
Posts
73
Votes
Jason Fraser
  • Salt Lake City, UT
73
Votes |
164
Posts

Offer structure advice needed

Jason Fraser
  • Salt Lake City, UT
Posted

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.

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