All Forum Posts by: Kaloyan Karamanov

Wholesaling is about finding deals not buyers. If you have a fire deal buyers will appear. The fire deal however is hard to find. Having around 6% expenses on each transaction cuts a lot from your possible profit especially when people are not selling below market price. Sub-leasing here is still an option as long as you do not get into any big lawsuits and you pay the bank monthly without any lags. Borrowers pop on banks' radar when fail to repay on time more than 1 (maybe 2) times.

Hey, guys. I didn't know where to put this so I'll just drop it here. I've been studying a lot about the subject for some time now but all the resources I can get my hands on are based on investing/wholesaling in the US. Since I live in Europe I'd like to ask how this creative investing game translates in the European market and are there any active investors from Europe here.

So I'm currently studying the lease option strategy and a question popped up. Initially when I get the option on someone's property which is still being paid to the bank, what happens with the mortgage? Is the mortgage remaining on owner's name or it gets transferred on my name? If its on his name he will still have payments to worry about, if I pay it for him he would be vulnerable and if I (the option buyer) have it swapped on my name that would alert the bank to foreclosure because of the clause against lease options...