SubTo "wholesale"?
Ok. Seller wants to give me the deed Subto and will pay the next 3 mos. payments. House has equity but needs work. I do not want to put much cash into this deal (limited title search, advertise, and MOA only). Exit is to wholesale/assign. Which do you feel is better:
1) Get a Purchase and Sale Agreement with a 3 month window or
2) Write up in the special stips that seller will pay next 3 payments
3)other ideas?
Either way, I will go ahead and close and get the deed. It is a good loan that not many investors would want to refi out of.
JohnCl
[ Edited by JohnCl on Date 12/29/2004 ]
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