Another Sub2 success!!

[Nick J.]

Doing sub2's work even in this market.

countrywide loan ARM @ 6 %
adjust in 11/11

$5,421.04 to bring current
$1,341.05 monthly payment PITI
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Saved homeowner from Foreclosure

L/O tenant contracted this morning

$ 15k down - $5,421.04 = $9,578.96 pocket money
$ 1500.00 monthly
+ 20.00 payment processing w/ credit reporting (clearnow.com)
+ 50.00 AHS warranty (ahswarranty.com)
= $1500.00 - $1341.05= 158.95 net monthly cashflow

Not a Huge cashflow deal however the option money is fine.

Deals like these are why I like Sub2's w/ L/O's