All Forum Posts by: Account Closed

Hi Bryan,

Use a regular Purchase and Sale Agreement.  Then, in the “special stipulations” or “further conditions” or similar section, write the clause in the photo.  Good luck!  
kim

PS I’m not a lawyer! 

I see a lot of people recently buying their Sub-2's on a wrap.  I agree with Brian on this one and prefer to just buy Sub-2.

What about taking both mortgages Sub-2?

What about taking both mortgages Sub-2?

I would consider it, if it cash flows and is move-in ready!  Good luck!

Have him file a Quit Claim Deed.

Yes, Mike is right.  If you need the exact wording, it’s in “How-to Sub-2” on Amazon.  Quick read.

“How-To Sub-2” - Amazon

A performance deed is a real thing and would provide you with the protection you desire.

Ask them right away if they need to break the lease.  No need to wait.  You are the one whose life is turned upside down by this turn of events.