Wholesale Deal Analysis

[Kainoa Jones]

Hi everyone, 

This is my first deal so hopefully someone can provide guidance on options to structuring it. The property is in Washington (WA) with an ARV of $369k and estimated repair costs of $40k. There is a $217k mortgage and the lowest price the seller is asking $235k. With the 70% rule the spread is probably too thin to pursue finding the traditional cash buyer correct? But maybe there is still a way to use creative deal structuring like seller subordination to complete the deal. How does creative structuring work with wholesaling? I'm not overly familiar with this, however, so hopefully someone can give insight on how to structure this. Thanks for your time.