Can you list a sub-2 house on MLS?

[Andres Diego]

Am exploring Wholetail as an avenue. Seems like people typically use private $ to pay off any underlying loan before listing, but am wondering if you can simply acquire Wholetail property sub-2 instead bc it would be MUCH cheaper. 

Can this be done? I understand some realtors might be hesitant to list a property you own sub-2, but you can always find a willing one: especially if you're licensed yourself. 

[Pace Jordan Morby]

Yes. You can list and sell a SubTo on the MLS. We do it frequently. Here are a few different questions/strategies you need to look at IPO.

1. Get contract from seller on SubTo. Before you own it, start marketing it on the MLS as owner financing. OBVIOUSLY, your contract with the seller should allow you to do this and you should disclose to the seller what you are doing.

This method allows you to sell the SubTo on owner financing to an end buyer without having to come out of pocket... as long as the end buyer brings your entry fee to the table. 

2. If you already own the SubTo... you can sell it on the MLS. You are the owner. You can do what you want, when you want.

3. However, if you are listing the SubTo as owner financing and passing the SubTo over to the new owner... you need to disclose to the original owner that you are no longer involved. Just my feeling. If you are staying involved through a wrap/wraparound, you are still involved and therefore I don't see the need to tell the original seller. 

I am the owner of SubTo.com 

I do about 10-15 Creative deals a month. There is not much we have not ran into. 

Pace 

https://shor.by/gT0I