Help
I have my first lead call in yesterday.
The seller has a $55k mortgage, wants $8k to make a down payment on another house. The house has an ARV of $80k and needs about $10k in work. I want to wholesale this house. I know there's little room with these numbers. I was thinking this could be a short sale.
What can be the best way to structure this deal?
If it is a short sale, what guarantees does the seller have that the payments will be made on time?