All Forum Posts by: Adam Villaneda

Thank you for the insight 

Awesome! looks Great!

I have the opportunity to purchase a home for 175K that needs about 40-50K in rehab. ARV is about 320- 335K. The owners (husband and wife) are separated. The husband wants 30K to deed over the house to the wife. The Wife wants to move out of state. There are back taxes owed, a 30 day late as of the first of February and possibly utility payments that will need to be paid. I was trying to do a lease option to control the house and find a buyer, but since the husband said he isn't going to make any more payments, how can I get him out of the deal while protecting my cash. If I give him 30K to sign a deed over to the wife how do I secure my investment? Do I reduce the price by 30K? Do I record a 2nd? Also, they owe 90K on the mortgage at a $500 a month payment. Can I get a third party servicer to make payments to the current lender (as to not trigger a due on sale) and do an AITD? Your help and advice are much appreciated. (it will be my official first deal!)