You could have optioned the property for a few weeks to see, and then market the house for rent to owners. If able to obtain a hefty down payment and net 200 bucks a month, and let the buyers cover maintenace plus problems that come up, then you have a deal.
Since I still check in from time to time with the powers that be in NC, I feel you would be under a spotlight as a licenseee and would really have to make sure the disclosures are as close to perfect as you can make them.
you definitely need to get you title company on the ball or switch to their competition or an attorney.
You could have optioned the property for a few weeks to see, and then market the house for rent to owners. If able to obtain a hefty down payment and net 200 bucks a month, and let the buyers cover maintenace plus problems that come up, then you have a deal.
if not then move on to the next deal.
kci411,
Glad to meet you.
Here is an article that I wrote that will give you some insight on Subject To investing in NC.
http://www.thecreativeinvestor.com/residential/modules.php?name=Articles&file=article&articleid=623
Since I still check in from time to time with the powers that be in NC, I feel you would be under a spotlight as a licenseee and would really have to make sure the disclosures are as close to perfect as you can make them.
John $Cash$ Locke
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