I have a seller that wants 10K of 20K equity to deed a property to me. He can’t refi, only wants cash. I am tapped out with lenders right now. I have a rental with 150K equity but don’t want to refi due to current high int% rates. New laon will drain points and 7K of my own money. How can I create a small 15K note and sell for say 11K. and get fast cash. Deal falls out in 9 more days. tried family and friends running out of ideas.
Help! anyone.
Anthony