These are purchases subject to existing financing. The seller still has the loan in his/her name. You can find out a lot from looking at the subject to forum. Also, John Locke has material on sub2 purchases that is very popular with the TCI crowd.
Also, try going to the "subject to" forum. Check out what questions people are asking, because they may be some of the questions that you will ask and at least you can get your knowledge from reading the other posts.
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have fun
http://www.thecreativeinvestor.com/Article146.html
These are purchases subject to existing financing. The seller still has the loan in his/her name. You can find out a lot from looking at the subject to forum. Also, John Locke has material on sub2 purchases that is very popular with the TCI crowd.
Just in case you needed more
http://www.thecreativeinvestor.com/Article295.html
that seems to be a question that gets asked around here a lot.
Must be worth looking into.
Thanks again you guys rock. I guess i need to step back and do some reading. Thanks for th article refs.
Also, try going to the "subject to" forum. Check out what questions people are asking, because they may be some of the questions that you will ask and at least you can get your knowledge from reading the other posts.