LOAN ASSUMPTION & SELLER PAY OUT

[Kevin Rogers]

I have a SFR deal where the seller wants $25k net after closing.

I see my two options as:

1. Get a loan & purchase price that nets the seller $25k. 

2. Assume the loan & pay her $25k out of pocket.

I like option 2 and am currently working creative ways to not have to pay the $25k out of pocket. What I am currently looking at is rolling some money into an IRA, then pulling it out to pay the seller. I will have 60 days to replenish the IRA in the amount pulled in order to not claim it as income. The assumption amount will have enough equity to refi-cash-out or get a home equity to pay myself back plus repairs(clean out, paint, flooring). Then I can get tenants in there to pay off the new loan balance. The market rent price would cover new balance & provide some cash flow.

How does this approach look? Any suggestions on the creativity to minimize my cash out of pocket & still meet the sellers needs?

TIA!