Subject To

[Shawn Connors]

Hey BP Family,

I need a little help with my situation.  I am going to look at a house tomorrow with a motivated seller.  She paid 130k, she owes 95k and is asking for 115k.  The house is in good shape but in a C or D neighborhood.  The great thing about it is that it rents for about $3500/month.  That sounds crazy, I know, but it is a women's recovery house and there are 8 women living there (9 total can live there) paying $440/month.  The mortgage is $650/month and the total bills are about $900/month.  I am trying to figure out the way to best approach the situation.  Should I offer her a subject to deal?  I was thinking i could offer to buy the house at 95k at a 10 year lease, paying her $750 so over the life of the lease she will make 12k.  Need some feedback please