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Updated about 11 years ago,
Turning a Wholesale Deal into a Seller Finance Deal
Hello, I'm Darieal. I've been learning the Wholesaling Business for a little while now and have at least completed a deal. I'm coming to you for some advise, direction &/or Clarification.
I currently have a Property under contract (Zone Mufti-Family Cash Flow property) with a nice monthly income with a semi-motivated seller ( I only say simi because he is an older gentleman will to unload this property. But not super motivated. So, with that being said and looking to answer any and all questions that come about, how can I turn around and make this wholesale deal into a Seller Finance deal? If I'm posting in the wrong area please excuse, however, being as though this deal started as a wholesale opt, the inquiries about the property have been more on seller financing now.
The Property is a 3 Story (zoned Multi-Family) Phila. Pa.
Owned Free and Clear (No Liens, judgments etc.)
Property being offered at $130k
ARV: $190k
Monthly Income: $2700.00
I'm looking for the best way to help the seller, my end Buyer and myself get what we all want.