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Updated over 6 years ago on . Most recent reply

User Stats

17
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0
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Jason Todd
  • Wholesaler
  • Concord, NC
0
Votes |
17
Posts

Help on Structuring a Wholesale deal as seller finance

Jason Todd
  • Wholesaler
  • Concord, NC
Posted

We are fairly new to the game and have only done regular wholesale deals prior to this, so I am needing some help. I have a homeowner that is in pre- pre-foreclosure (she's behind but has a stay from the court on proceedings until 10/10). The house is in great shape, needs a bit of updating but is liveable the way it is. The ARV is 356K, the balance owed is 147K and she needs right around 19K to get out of arrears. She is open to seller finance in order to move quickly and get a higher return. We would really like to be able to wholesale this as we have a full plate at the moment, but I have never done a seller finance one before and wondered if this was the best way to go and if so, how would I structure it so it was a win for everyone involved?

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