Hello all…need some advice on a wholesale deal I am working on.
The purchase price of the property is $2,500,000
The appraisaed value of the property is $3,800,000
Equity: $1.3 million
I have a buyer lined up for the property…he is willing to pay cash for the deal, but is asking for seller carry of $250,000 for 90 days.
The seller is not comfortable with that option, as they want all their money upfront. The buyer needs to get $250 out somehow to make this deal work.
Can anyone think of a creative solution to make this work? Cash back option maybe?