Updated over 10 years ago on . Most recent reply
Subject to or straight wholesale deal?
I am looking for advice on how to structure this possible deal. Here are the numbers:
ARV: $690k
Loan Balance: $320k with 1st position loan $220k and 2nd position loan is $136k. This is a preforeclosure home with a NOD $8,600. Equity is about $370k
I am thinking of purchasing this property myself doing a subject to or wholesale it. Is it true that I can negotiate with the second lien holder? If so, do I need an agent to do that or can I negotiate it myself? How would you guys structure this deal?