Actually you should be concerned because in Ooltewah,TN the lenders call the loans due 80% of the time.
If you are asking what is the difference between Subject To and Assuming Existing Loans, then you really need to read some more as this is a basic as it gets for any creative investor.
These people that tell you that it happens about 50% of the time I am sure are investors who are doing deals presently and this is how they based their information along with some documentation to prove their statements.
If the idea scares you then I will tell you the chances of you starting are slim to none, so best leave it alone and find an investing avenue that suits your personality best.
My point, if it happens 50% -80% of the time like your local experts tell you why would you want to do Subject To deals and if it did,what happens is you will lose money..
Losing money just makes common sense in your senerio you do not neeed a mathematical calculator to figue this one out.
John, are you a Capricorn? I find your dry sense of humor and sardonic delivery quite impressive. Philly, he was being sarcastic to make a point. Well-done.
[addsig]
Whats the question?...how can you help them qualify?
CLTV...whats the C?
JK
After the refi will they really be better off?
Philly72,
Glad to meet you.
Actually you should be concerned because in Ooltewah,TN the lenders call the loans due 80% of the time.
If you are asking what is the difference between Subject To and Assuming Existing Loans, then you really need to read some more as this is a basic as it gets for any creative investor.
These people that tell you that it happens about 50% of the time I am sure are investors who are doing deals presently and this is how they based their information along with some documentation to prove their statements.
If the idea scares you then I will tell you the chances of you starting are slim to none, so best leave it alone and find an investing avenue that suits your personality best.
John $Cash$ Locke
[addsig]
philly72,
My point, if it happens 50% -80% of the time like your local experts tell you why would you want to do Subject To deals and if it did,what happens is you will lose money..
Losing money just makes common sense in your senerio you do not neeed a mathematical calculator to figue this one out.
John $Cash$ Locke
[addsig]
John, are you a Capricorn? I find your dry sense of humor and sardonic delivery quite impressive. Philly, he was being sarcastic to make a point. Well-done.
[addsig]
King,
Just having a litte fun, you are right.
philly,
Tell your friends that the old Cashman has done over 500+ deals and never a DOS called, because I do it the right way.
Never had any of my thousands of students have a loan called to my knowledge either.
John $Cash$ Locke
[addsig]
How do I become a student?
Show me the way!
Buy his course on here...