structuring motivated sellers assumable loan, no money down deal?
Hello!
I have motivated sellers selling a 3 bd 2 ba modular home, 1500 sq ft. It's located in a once popular oil field town, outskirts of Colorado. The husband got a job 155 miles away and that's the motivation.
They refinanced on an FHA loan and the current amount owed is $150,000.
They just want someone to assume the loan and no money down, just a buyer to assume the loan. The buyer would need decent credit & stable income.
My QUESTION is, HOW COULD I STRUCTURE THIS DEAL TO MAKE A PROFIT OFF BRINGING A BUYER & SELLER TOGETHER? FINDERS FEE? ASSIGNMENT FEE? HOW COULD I, IF POSSIBLE, PROFIT?
Thank you
H.M.