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Updated over 11 years ago on . Most recent reply

User Stats

619
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75
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Terry Royce
  • Real Estate Investor
  • Baltimore, MD
75
Votes |
619
Posts

Subject 2 w/ cash to seller

Terry Royce
  • Real Estate Investor
  • Baltimore, MD
Posted

I have an investor who I have sold properties for, and wholesaled properties to.

He has a rental he bought 3 years ago, w/20 year loan. He got the lender to agree to sell the property and have someone else assume the loan. He just wants 5k on the sale.

Would I structure this contract as a regular purchase contract with $5k sale price, and then include in the contract the subject 2 terms?

Then assign the contract on top of the $5k?

I haven't written a sub2 contract up in years. Any help is appreciated.

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