Help Fist Creative Deal !!!!!!!!!
hello everybody
my partner and I are forming a corporation to do business through. My question to you is how do we go about subject to sales, say for instance we find a seller that wants us to pay them 80,000 for the house, its worth 135,000 they only owe 25,000 and they are willing to do seller financing, we plan on putting it right back on the market ,,,what are the forms we would need to use in this situation so we dont need any title seasoning and we dont disclose to buyer how much we bought it for.? thank for any info given in advance
Meek
I have a feeling that your in the wrong forum... Just a hunch though.. Good Luck
Just have the owners hold a 2nd mortgage(wrap around) of $55,000.00 + $25,000.000 1st mortgage (subject to) = $80,000.00 Asking Price. Will any repairs be necessary? If not you and your partner stand to make approx. $25,000.00 each after expenses if you can sell for $135,000.00.