Create Investing Question

[Mark Monroe]

Love to hear some opinions on structuring the deal.

$217,000 ARV

$15-$20k rehab. Main issue roof, un-permitted apartment in the back, convert back to room of house.

$158,000 current offer from investor. Giving seller 23k upfront. Keeping current mtg in place for 3-4 months while investor Fix then Flip.

$133,000 current Mtg balance

$1,230 PITI

5% fixed

$1,650 rental comps

$375 taxes

$146 ins

$87 pmi

27 years remaining

Seller open to sub2, keeping current mtg in place.

Seller is moving to take over grandfather's Farm. Wanted to use cash to by land, was a little intrigued about getting a monthly cash-flow, then getting the whole lump sum of 23 K up front.

She wants to see if we can beat $158,000 current