First Subject To Deal...And it’s a creative one
Hey everyone!
I have a deal in the works that is in the verge of falling apart. I am a subject to Investor in the Swfl area and my seller has a property that is worth 230k willing to sell for 200k. They have a 150k mortgage on property and willing to carry a 50k note. The issue I am running into is they need 30k upfront to purchase their new home. An idea I had was to involve a note buyer however most will not take a second lien position and want 3-6months min of payments. I even considered a wrap around.
Any suggestions as to how I can give the seller what she wants and come out the deal with no money from me attached
Thank you all