How can I pull out cash of property sub2

General Real Estate Investing
1

I have a guy would does not want his 3 family in boston,ma
he only owes 244k, he has equity of about 175k in it
Is there a way for me to make a deal
Im sure he’ll cut me some of his equity
but not sure how to structure the deal

any suggestions

2

Have him refinance and take his cash out then take it sub2. Or take a loan and pay him off.

3

You could also have him put a 2nd lien on the property for the part of his equity that you would be paying him for.