Seller financing with Subject-to

[Ngoc Nguyen]

Hello everyone,

I need help on this specific deal. I am speaking with a seller regarding a property in Sacramento, CA. The seller is willing to do 'subject-to'. I was wondering is there any way to do a creative deal combining 'subject-to', seller financing, and a conventional loan? My ultimate goal would be to be able to buy this property, rehab a little so that is appraises where I have 20-30% equity where I can rent it out for 1450 and cash flow $300 monthly with as little cash outlay as possible.

So here are a few ways to purchase that I thought of. Please let me know if there's anything incorrect with my thinking. 

1. Buying 'subject-to' and the remaining be funded through a conventional loan. Would this be possible? 

2. Owner finance 20-30% (around 50K) and the remaining funded through conventional loan.

3. Doing both 'subject-to' and owner finance and the remaining funded through conventional loan.

4. Buying conventionally and downing 20% but I would like to keep my capital.

Here are some info:

Property = good condition. Repair costs may be 5-10k just for paint, new doors, and some landscaping]

Occupancy = has tenant. I don't know what amount it is renting for though.

ARV = 240k

Seller asking = 210k

Rent comps = 1450

Seller first mortgage = 92k

Property Taxes = 2230

Insurance = unsure (500-1000)

Also, according to Zillow this property was listed on August 2016 until March 2017 priced at 240k and did not sell. Now, owner is trying to sell on his own.