Advice on deal opportunity
I have offered on a potential “brrrr” single family home deal. All the #’s resulted in a $72k offer. House needs $30k rehab. Seller informed me after me making offer that he would accept BUT he owes $105k. He is in a tight spot because it needs substantial rehab to get it rent ready. He has no cash to do this. Nobody will pay what he owes on it in as is condition. I asked him if he would be open to looking at some creative options to get this done and he is. Now I’m looking for any creative strategy based on this info that could work. Fire away! Thanks