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All Forum Posts by: Ross Scott

Ross Scott has started 1 posts and replied 3 times.

Marketing Your Property

Post: Direct mail: What list would typically generate the highest response rate?

Ross ScottPosted
  • Posts 5
  • Votes 0

I was recently told by a guru that a list with deed transfers recorded within the last 24 months work best for subject to. Agree or disagree?

0 Votes
Innovative Strategies

Post: Sub 2 Strategies

Ross ScottPosted
  • Posts 5
  • Votes 0
Originally posted by Jon Holdman:
Why do you need to do any of that for a wholesale deal? You just need a contract, then assign the contract to your end buyer.

Doing deals like this to a retail buyer is problematic. Their lender may balk at including your fee in the value of the property. That would mean the buyer must pay that amount, plus their down payment.


Hi Jon, thanks for your quick reply!
Well, I was thinking of using a wrap strategy so it would be easier to find a retail buyer (no lenders).
0 Votes
Innovative Strategies

Post: Sub 2 Strategies

Ross ScottPosted
  • Posts 5
  • Votes 0

Hi everyone! First post on this board.

I recently started doing sub2 deals and I am finding out that most homeowners do not want to hand the title over to me. I have been thinking about different exit strategies for a NO GO on a sub2 deal and I wanted to get everyone's opinion on this idea I have.

If the homeowner balks at my sub2 strategy, I would then suggest he/she sell to me via wrap and/or owner financing. Then I would assign/wholesale the property to a retail buyer. Does this idea sound doable?

0 Votes