What do you think is the best way to handle this deal?

Financing, Hard Money Lenders, Private Money
1

I have come across a good deal. I came to an agreement with the seller on the price of 94000.00 the arv on the property is between 170000 and 180000. I got my loan in line also. My problem is the house that I am buying is a rental with a tenant in it.
The seller wants me to do one of two things:

  1. buy the house now evict the tenant on my own which could take months.
  2. give them 2700 earnest money and they would do the evicting. The problem with that is I dont have that.
    I am the sole provider for my 2 children and my credit is not good from a divorce.
    What do you suggest? I thought about maybe just wholesaling the house? but I don’t know how to do that.
    Any suggestions would be appreciated.
2

3 quick questions:

How are you planning on buying the house if you have no money (how are you financing)?

why do you want to evict the tenants?

How are you getting a property for 50ish% of the ARV?

3

i already got financing through a hard money lender.
I am looking to just flip the house. The person who is selling it just want to get out of the rental business all together. He has 4 properties. He originally wanted 100,000.
I am thinking at this point maybe wholesale it?