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Updated almost 10 years ago on . Most recent reply

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24
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2
Votes
LIpeng Wu
  • Real Estate Investor
  • Rockville, MD
2
Votes |
24
Posts

Questions about Sub2

LIpeng Wu
  • Real Estate Investor
  • Rockville, MD
Posted

I am a newbie in this area and going to buy a house through sub2. I am not clear about 2 questions, please help me.

1. can I get sub2 through realtor, or I have to direct contact the sellerr? Is that realistic to get sub2 through realtor?

2. If there is equity in property, should I pay to seller for that equity? How much should I pay? 

Thanks. 

Most Popular Reply

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6,088
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3,921
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
3,921
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6,088
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

@Bill Gulley has written extensively about Subject to existing financing if the loan is called

It has to be a wonderful house to do sub 2

Be prepared to get alternative financing if the loan  gets called

Exit is usually renting or lease to own

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