Creating a Creative Finance Offer · The Real Estate Academy

Aug '24 • Deals

Creating a Creative Finance Offer

I have a property of interest and the seller is open to subject to. Looking for a way to send a creative offer and guidance if it would even be worth the dispo because the cash to seller is pretty high. Seller wants to get no less that $100k at closing. I’ve attached the mortgage statement.

The property currently operates as an STR and last year brought in $33k. I was told it would have been more but there were several weeks the owner blocked off days for their family to stay. It’s a turn key beach location.

I’ve seen creative finance offers but I’ve never actually created an offer. I feel like the seller is asking too much upfront so looking for ways to get creative with it, if possible, and to see if there’s even any room for assignment?

Here are the details:

Asking Price $799k

Comps Roughly $765k

14 comments