Refinance to Seller Finance
I have an opportunity I need some feedback on BP. I have a lead on a single Fam that would make a great rental. It's a 3/2 in a C+ neighborhood. The seller owes 52K. The ARV is between 75K-85K. The house is good condition, maybe a couple grand to get a occupancy permit, rent for $800
The seller is open to seller finance (very motivated). Im thinking I could do a subject-2 (need info on the due on sale clause) but the seller's mortgage is 623/mo with an 11%. Now the seller mentioned she could refinance for a much lower payment.
Can I still do the subject to after a refinance?do the numbers support it?