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Updated over 8 years ago on . Most recent reply
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Need Help Structuring This Deal/Offers
I have a motivated seller that I need to send offers to within the next 2-3 days. But I'm struggling to structure this deal in such a way that will allow me to stay in the deal; rather than wholesale.
Seller Owns this property free and clear. 4B/3B, 1900+ SQFT, Palmdale, CA (50 mi northeast of LA), ARV $250K, Rehab Between $35K and $60K depending on what you want to do with it (rent vs fix/flip).
I'm pretty sure I can get the seller to accept some owner financing perhaps for about 6 months; long enough to fix up the property and sell it retail. (it shouldn't take that long to rehab)
Before I ask this question, I will say, I have no capital, down payment or "skin in the game." This is my first potential deal. How can I structure this deal so that I can stay in it to flip? Or am I being delusional?
Most Popular Reply
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Originally posted by @Account Closed:
@Andy Cross With no down payment, I doubt the seller will finance 100% like you are asking. Just save your money and when you have 20% to 25% then try to find a deal. Good luck.
Thank you!