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Updated over 8 years ago on . Most recent reply

User Stats

185
Posts
56
Votes
Andy Cross
  • Wholesaler
  • Culver City, CA
56
Votes |
185
Posts

Need Help Structuring This Deal/Offers

Andy Cross
  • Wholesaler
  • Culver City, CA
Posted

I have a motivated seller that I need to send offers to within the next 2-3 days. But I'm struggling to structure this deal in such a way that will allow me to stay in the deal; rather than wholesale.

Seller Owns this property free and clear. 4B/3B, 1900+ SQFT, Palmdale, CA (50 mi northeast of LA), ARV $250K, Rehab Between $35K and $60K depending on what you want to do with it (rent vs fix/flip).

I'm pretty sure I can get the seller to accept some owner financing perhaps for about 6 months; long enough to fix up the property and sell it retail. (it shouldn't take that long to rehab)

Before I ask this question, I will say, I have no capital, down payment or "skin in the game." This is my first potential deal. How can I structure this deal so that I can stay in it to flip? Or am I being delusional?

Most Popular Reply

User Stats

185
Posts
56
Votes
Andy Cross
  • Wholesaler
  • Culver City, CA
56
Votes |
185
Posts
Andy Cross
  • Wholesaler
  • Culver City, CA
Replied
Originally posted by @Account Closed:

@Andy Cross With no down payment, I doubt the seller will finance 100% like you are asking. Just save your money and when you have 20% to 25% then try to find a deal. Good luck.

 Thank you!

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