Partnering with the Seller

[Marco Zacarias]

Would you Partner with the Seller?

Scenario: Seller Bob bought a property using hard money for $30K and is now selling for $60K, not MLS but on CL's. Bob's hard money loan is a 12 month period and payments not due until the end, Bob is about 5 months in. ARV is about $80K and rehab is about $20K. Heavy rehab, no electrical, no plumbing, etc.

Bob is willing to take equity if I bring in the rehab costs and manage the rehab. 

Question: How would you structure this deal?

[Eric M.]

I don't understand the "deal". You are buying for 60K and need to put 20K in for an ARV of 80K? That is no profit for you.

Where I am from "heavy" rehab is not 20K