How would you structure this Subject To deal in Houston, Tx?

[Gabriel Jeroh]

I have this Subject to off market deal in Houston, tx: 

Seller's Motivation: Needs to move to smaller house close to work place.

ARV: $185,000

Repair: $5,000

pending Mortgage: $135,000

Seller currently lives in property and willing to vacate ASAP.

All payments are current and no lien on property.

How would you best structure this deal? Whats the most suitable planned exit?

[Account Closed]

Originally posted by @Gabriel Jeroh:

@Sandra Gibson am not talking about the purchase price at this point. Lets assume the deal has that much equity; I am looking at the way to structure this deal without the seller's attorney turning down the offer. Have you done a similar subject to deal with so much equity?

I have done sub2 deals with such equity.  IMO you're unlikely to be able to negotiate a sub2 deal with an attorney involved.  The seller would have to have circumstances that couldn't be solved by an immediate sale.  The seller has plenty of equity and no extenuating circumstances. Any attorney doing their job is going to steer their client away from a subject to transaction.  

IMO sub2 works best when it solves the seller's selling problem, not the buyer's buying problem.  No cash to buy is a buyer's problem.