Analyzing First Deal

Hey everyone,

I have found a young couple close to my house that are very motivated. Their house is listed for $434,000 but are willing to sign over the title for 20% of their new home and I would take over the mortgage. They really liked that idea and would go for it in a heart beat. I am contemplating how to come up with the 20% down. I am thinking about using Hard Money and they would finance the rehab costs and I would sell it for a really nice profit for my first deal ever. Projections are in the 30-40 thousand range. Those are very conservative numbers and I feel very safe using them. Anyways I will keep you posted on how the work is going.