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Updated almost 8 years ago,
How to Structure This Deal Creatively...
I have a seller looking to sell is properly quickly due to living out of state. Currently it isn't occupied.
He has chose not to sell on the retail market because the neighborhood is upscale and the property isn't in the condition it needs to be to sell retail.
Initially I wanted to wholesale the property, but after running the numbers compared to what he owes it just doesn't work.
ARV- $440k
Owes- $350k
Repairs- 30k
Mortgage- $1500
My question is if the seller is interested in doing a lease option what are some ways I could structure this deal to make it work.
I've never done a lease option so any tips/advice would be greatly appreciated.
Thanks