Am I missing something here?

I haven't called the utility company, but am I obligated to pay for his unpaid bill?

If this deal goes to foreclosure, the owner would still have a foreclosure on their record and I would not make anything on the deal (also might lose a friend) unless I went with option 4 and bring in a 3rd party.Clarification question – If I take over a property SUB2, am I actually the “owner” or is the current owner still at risk of foreclosure?

In the mean time, I bought 3 more rentals.After a while I thought to myself, why am I paying some other guy $12,000 a year when I could be building equity myself.If you are considering this, I would think about buying a personal residence first.

I looked at a house to day it was huge very nice on the in side.it home movie theater many bath rooms and a lot of bed rooms mater bed room has his and her sinks basement has plenty of room for more bed rooms. all rooms are finished. 3 car garage pool and separate fenced in back yard and lots of land around the home included. the home has tons more. the down side is that the basement is finished and has mold in a lot of the hall ways and rooms. there is evidence that they home is being upgraded since a lot of new stuff has been installed but the mold might kill the deal of anyone looking to purchase it. the home was listed for over a million dollars last year but now is going for 422000 i believe it is bank owned how do i go about contracting this home then finding a buyer willing to pay that price with the mold issue and all. its a steal i think and if i had the money to but my self to live in it i would. is it a wholesalers dream deal or am i out of my league when it comes to finding a buyer for it since it might be bank owned.

Any suggestions or am I just stuck with my 7.25% mortgage loan?

Am I right in thinking that he would be a waste of time?

Am I missing something?

Does anyone see a way I could cleanly put a bar counter in here or am I better off leaving it alone and doing the pass through by the stove.

Anybody understand what I'm saying or am I making no sense at all.