Difference Between Sub2 And L/O?
Little Confused! What is the difference between a Sub2 and L/O? Both of them the deed transfers, correct? Both, you may increase the monthly payment to the buyer, correct? Both you get a non refundable deposit (or is it down payment), correct? Please help me clarify this is my mind. 
with a L/O you are not getting the deed. you get to lease the house with the option to buy it. basicly you control it...to a certin degree however. The deed is still in the sellers name and you still have the risk of a lien attaching to the property due to the seller.
sub to...you own that bad boy. it's yours, do with it as you please. the deed is in your name, your LLC, land trust,...blah blah blah, but you now own it.[ Edited by nebulousd on Date 11/13/2003 ]
L / O = control
Sub To = Own
I got it now. How does everyone go about finding properties to do a Sub2 with?
Where does everyone find sub 2 deals? [ Edited by iamhappy on Date 11/13/2003 ]
i do my own marketing. post cards, bandit signs....the whole nine.
yeah and the wholesale thing can put some bucks in your posket fast.[ Edited by nebulousd on Date 11/13/2003 ]