Looking For Answers-Sub 2 Help
I have two questions concerning Sub 2:
1.) Am I able to get 2nd mortgages or loans against a property that I own Sub 2?
2.) When a house is finally paid off, and I own it Sub 2, what happens at that poin? Is there anything that I need to do?
Thak you for your help.
I meant when I paid it off-
Good answer Bantheman, I was about to ask the same question as Mr. Streets until I read your post.
Thanks REIKid. I really thought the first being in someone else name would mess it up. If anyone has done one I would like to know how.
Me too- that is why I asked
That is how I have always worked it. I learned Sub-to from John and I just thought if there was a way to get a little cash he would have said something.
That is what I had thought- thank you for your answers!