Profit Potential Of Sub To Deals??
I heard a lot of good reviews about sub to deals and was wondering if any of you experienced investors can tell me the advantages of doing sub to's as oppose to rehabs?? It seems as if these deals are harder to come across and may require more of one's own money. Please fill me in on this strategy as I would love to include in my arsenal of r.e. strategies.
Thanks all! :-?
I'd recommend reading this article by the "master" of Sub2, John Locke. It should give you an idea on how it works:
http://www.thecreativeinvestor.com/modules.php?name=News&file=article&articleid=146
Andy
I did, in fact, re-read John's article on SubTo. My question is: how does one know the the Loan Servicing Company is legit? Like Property Management Companies, they have reputations (as an industry) for being wormy and NOT paying who they should when they should if, in fact, they don't just run off with your money.
C-
I guess I would check out any LSC I was going to use just like I would any other vendor. Probably would find them online, then get references (and call the references).
After I narrowed it down to the ones that seem to be easiest to work with and will do what I need them to do, I'd ask people here at TCI about their opinions of the company.
You can probably bet that TCI investors won't be shy about telling you who burned them and who they like...
Andy