How to Structure This Deal Creatively...
I have a seller that's willing to work with me however way possible. I'm looking for some ideas of how to structure this deal...
It's listed as a 4 bed 2.5 bath, but it is really a 4 bed 3.5 bath. It's just not recored with the county. The attic was finished at some point. It's 3000sq ft.
ARV - $415-430k.
Repairs - 40k.
Mortgage Payment - $1500.
He owes 270k on it and can't sell retail due to the repairs needed. The area is highly desired so a good flip would be needed.
I'm not able to offer a wholesale price. And not really sure if a lease option is the best way to go.
I know I can make this deal work due to his flexibility, but would like to hear some opinions.
Thanks.