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Updated almost 8 years ago on . Most recent reply
Getting started in sub2?
I'm considering getting started in sub2 rather than rehabs. What do I need to get started? I have a few thousand in the bank and access to a HELOC. Where do I purchase mailing lists from? What else do I need to know? Is sub2 generally more profitable than wholesaling?
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Jay Hinrichs
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Professional Services
#1 All Forums Contributor
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Sub 2 is not for those that are marginally capitalized the chance of a default of your renter or end buyer is real and would put you in a mess financially .. if you want to do this do it for only short term flips.. buy and hold with no equity is a very risky proposition.
its a very difficult transaction to pull off.. lots of things have to align..
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners