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Updated over 12 years ago,
I have 3 questions
On a subject 2 deal, how does an owner get money for handing over the deed to the buyer (you) if it is illegal for an owner to profit on an subject to deal? How does the owner get money for the equity on a subject 2 deal?
Second, how does an owner profit on a cash deal. With a check from a agreed upon price or at closing when you pay them more for what they originally bought the home for?
The last thing I want to know is it more profitable to do a subject 2 deal then a cash deal? I mean, instead of aggreeing to pay cash for the home it would be more attractive of a deal if you just took over the extisting loan and pay the owner for some of his equity?