Subject Two Structure for Wholesaling a Real Estate Deal

[Ameir Gomes]

How are you doing everyone I have some questions and also seeking advice and guidance on a potential wholesale Sub Two deal. I'm new to the game and was brought this property as a potential deal for a cash buyer of mine. I get the concept and what Sub Two is but not sure how to structure one fully especially since I'm planning on wholesaling it. The seller has 3 terms written up (provided below) and what he wants for a down payment, interest, monthly payment etc. He's motivated, and open to negotiation on what he'll take for Sub Terms. I also have a retail buyer in mind who specifically told me Seller Finance/ Sub Two deals is what he's looking for and is interested, but I just don't know where to start per say. What would you all do in this situation and what terms would you do for something like this?

Sub Two Terms:

1. $70k down 3.5% interest $767/Mo for 84 months

2. $60k down 4% interest $895/Mo for 84 months

3. $50K down 5.5% interest $907/Mo for 96 months

Home Details:

The seller is asking cash $130k if I were to purchase the property flat out without any Sub Two or creative terms, but he owns $70k on the property in back taxes. The home is pretty much completely rehabbed, and it will need no more than $10k (Maybe Less) in work be rent ready and cashing flowing at $1.1k-$1.3k month to month with an ARV of $140k if fixed to be flipped. Let me know what you all think are the terms above reasonable, completely off, or perfect for this deal. Throw some feedback at me, I'd appreciate it and I'm open with all ears to anything you all have to say.

Thank You