How should I structure this deal?
I need some advice please. Here's the situation:
- Motivated seller who lives out of state
- Property is in Center Point, AL 35215
- I'm a virtual wholesaler and live in FL
- ARV $69k, mortgage balance of $47k with monthly payments of $283
- There is tenant in there who is behind on rent and they need to evict, but don't know the steps or how to do
My question is - what is the best way to structure a deal like this? Seems like a wrap or subject to would work here but I'm still learning and haven't executed a deal like that before? Any and all advice would be appreciated!