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Updated over 10 years ago, 06/15/2014

User Stats

7
Posts
0
Votes
Brad W.
  • Hudson, FL
0
Votes |
7
Posts

Wholesaling a subject to

Brad W.
  • Hudson, FL
Posted

OK, this is my first deal so im a little lost. The owner has agreed to sell the property "subject to" the existing loan ($19k) for $2k. Its a mobile that comps out around 34k and will rent for $600. I would like to wholesale this deal to another investor but im not sure what my best course of action is? Im meeting with her later today to sign the contract which leads me to another question, other than putting (Buyer is purchasing the property "subject to" the existing lien(s) or loan(s) of the approximate amount of $19k) is their any other additional terms that i should put in the contract ?

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