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Updated about 8 years ago on . Most recent reply

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27
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2
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Scott Titus
  • Saint Peters, MO
2
Votes |
27
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sub2 rental?

Scott Titus
  • Saint Peters, MO
Posted

I have a seller that is current. He is upside down 30k on his home and wants out. Piti is 500,  market rent $1000. If I took it sub2, and rented it, would I be risking too much on the due on sale clause? If the bank did call the note, how could I ethically move the property?

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811
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419
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Darren Budahn
  • Investor
  • Milwaukee, WI
419
Votes |
811
Posts
Darren Budahn
  • Investor
  • Milwaukee, WI
Replied

I certainly wouldn't recommend taking over a property subject 2 that is upside down 30k

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