Anyway other than wholesaling for this particular house?

[Dave McEvoy]

I have a potential wholesale property that this owner called me on regarding my bandit sign. Comps show potential ARV $180-190k. His balance for mortgage is $88k, but payment at $2260. County records show he bought in 1997 for $125k. Not sure why payment is sohigh, maybe second mortgage at high interest. He keeps lowering asking price now down to $85k. Based on formula and me wanting $5k for my fee, does this sound like a good deal? Oh..rehab about $40-45k. If traditional wholesale deal isn't good is there any other creative ways to get this property? High payment seems to make prohibitive for a lease option. Just trying to come up with a way to make it work, without "chasing a bad deal." Thanks for any help.