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All Forum Posts by: Sean Verchick

Sean Verchick has started 1 posts and replied 1 times.

Rehabbing & House Flipping

Post: Trying to make sense of a deal

Sean Verchick
Pro Member
Posted
  • Posts 1
  • Votes 0

Trying to make sense of a deal right now and something hit me last night. Probably not the right property for a BRRR which I originally was thinking but could potentially be a good flip. Trying to find a creative way to partner with the owner, owner is retiring and won't be able to hold it.

Needs quite a bit of rehab. Wondering if there is a way to move him out, take over the payments, rehab, list, and do some sort of profit share at the end of sale. Could be a sub2 deal but I’m not so familiar with the process and curious of the best way to finance the rehab.

Can someone lend some advice? 


UPDATE: Connected with an RE attorney friend and he said Sub2 is not a thing anymore in DE.

0 Votes
Wilmington, Delaware