My specialty! You have to use the Option Consideration of the Tenant/Buyer to catch up the back payments to the lender(s) and also to give the Seller some moving money (around $1,000). The Seller can't be more than a few months behind for this to work. I also split the equity 50/50 with the Seller (payable after my T/B cashes me out). I take the $1,000 and the back payments out of the Seller's half of his equity. Plus, I raise the sale price to my T/B by 10 percent, so I actually make more than a 50/50 cut.
My specialty! You have to use the Option Consideration of the Tenant/Buyer to catch up the back payments to the lender(s) and also to give the Seller some moving money (around $1,000). The Seller can't be more than a few months behind for this to work. I also split the equity 50/50 with the Seller (payable after my T/B cashes me out). I take the $1,000 and the back payments out of the Seller's half of his equity. Plus, I raise the sale price to my T/B by 10 percent, so I actually make more than a 50/50 cut.