scenario
Ok id like to see if someone can explain to me if this is possible and if its a good way to go about doing a deal.
If i find a seller who wants to sell his, he bought his home for 260,000 and hes willing to sell it for 270,000. I also have an investor who will invest money in this house and i will fix it up and will resell it for 325,000. Thats how much home will be worth after it has been fixed. Can i pay the seller 10,000 cash and i will take over his mortgage and will make payments until house until house is sold. Im still learning and im still looking for ways to make a deal. Well id really appreciate it for some advice. Thank you.