Here’s a possible lead on a 3/2. Seller is motivated and is willing to sell for the amount that’s owed. $450k for mortgage plus $5k for back taxes. Monthly mortgage payment is $3,700 which includes PITI. ARV is $455,220. It’s a nice home in a nice neighborhood. The last 3/2 to sell in the area sold for $562,000.
I’d like to get an assignment fee. If I’m unable to find a cash buyer, what kind of terms deal can I create with these numbers?
Any help is appreciated.