Subject to or Wrap Around

[Justin Burk]

I finally received a much need promotion about half a year back, I have been saving up some funds. I do believe I will soon be trying to contact some people that might be in pre-foreclosure in the surrounding area. I was wondering if I wanted to snatch up the pre-foreclosure then fix and flip it, would a wrap around or sub 2 be better? I know they are pretty much the same thing, but my instincts are telling me I should probably go with a wrap around, because I feel like the original owner has less right to wring me for more money once the house is sold. Being that it will be my first deal I will want to take care of the original owner to my fullest, and help them out, but as we all know some people out there just want more, and will even try to bring in lawyers and what not to get it. I would really appreciate some input on the matter, and what steps I should take to get the deal done correctly.