Subject to deal 10 properties

[Jason Walkowicz]

I have a possible 10 property deal that the seller is willing to do subject to existing financing. The primary issue is even though there is positive cash flow on the 10 properties the existing debt on the portfolio is approximately 8 % OVER FMV

I'm interested in hearing the opinions of the community about this type of subject to scenario which I'm sure comes up frequently otherwise the seller probably wouldn't be willing to do a subject to.