Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Subject To Funding, HELP BIGGER POCKETS HELPPPPP!
Hey BP,
My wife and I primarily buy property subject to the existing finance, while based in the Denver metro area, we buy all over the US especially in South Carolina, North Carolina, Texas, Georgia and Florida to name a few of our favorites! We constantly turn away deals due to funding issues, we have found it very difficult to secure financing in the 2nd position even though the returns are almost always 6 months or less. I am curious to get advice from someone who has secured 2nd position funding for a subject to acquisition from a "COMPLETE STRANGER." I understand by the time you got to the lending steps of the deal you may be close associates with them but ideally someone you have built a relationship up with that you did not know prior to learning about subject to's.
Thank you and I am eager to hear your responses.