Owner Wants Out
I have found a deal where a current owner can no longer make payments on his property. There is about 100k in equity and the owner is looking for somoene to take over payments with no other strings. How should I go about structuring this deal?
Thanks in advance!
Have you ever done a sub-to before. If not you have to get your contracts made up. Is he behind? If so how much. Sorry to sound a lit down but having your ducks in a row makes life easier. I would get him to sign on the dotted line and move forward before someone else grabs it.
J
J,
Thanks for your reply! I have never done a sub-to before. I will be calling him tonight to ask the questions about whether hs is behind or not. I know it shouldnt be learned in an online post, but what can you tell me about sub-to?
hi mart...there is a forum on this site just for subject to deals...go thru the forum and read all the posts and replies and you will probably learn everything you need to know about sub to deals.
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