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Updated almost 11 years ago, 02/11/2014
Land Contracts or Sub To????
Hi guys, I have a seller who has a $150,000 House with a $129,000 loan. the loan is currently being modified and they have been told when it comes back payments will be 11-1300-- rent is 1750 for that area, they are very motivated to move and I am trying to work out the best way to do it for all parties.
This is a virtual deal, it is in Houston and I'm not from there, I do have a partner there but we prefer to make quick $ rather than hold/manage it.. We are mainly wholesalers. Could someone please advise me on the best course of action weather to do a Sub To or Land Contract, I am pretty new to this kind of stuff. From what I hear LC would be better however sellers don't really want to leave it in their name... any help would be great!!