Hi everyone, I'm a little concerned here so maybe you can help me.I'm starting to look at properties with a realtor that I know and yesterday I went to an Open House and I met another realtor that's very nice and frie...

@Guy Gimenez @Jay HinrichsBuying a house subject to the mortgage allows me to pay more money to the seller since I don't have to get my own financing.Goes without saying that you shouldn't buy at 110% of value...How are people buying sub2 deals without seeing a contract...Of course you should have reserves in case the buyer/tenant starts missing payments...Of course conduct yourself ethically...If beginner investors have this in their "tool belt", why not use it?

I have a lot of knowledge in construction and a strong work ethic.

YOu may be surprised at what you learn and what they will have you do... and then you never know when one may really like you and your work ethic and take you under wing and help you rise above.

I definitely want to do it the ethically way.

It just seems like too many ethical issues with disclosures compared to just investors who are not licensed with less restrictions.

I am thinking of maybe trying to set up an option-to-buy in 4 years, or a lease-option with a 4-year term, but obviously there are some legal and ethical considerations.My questions for the members of BP:1.  

You're probably not going to get this particular house, but if you want to write, then no one should be getting in the way of you writing.If it's the listing agent refusing to present it to the seller, and you've got confirmation of this in writing, go to the local real estate ethics board. 

While I was there we had already pre-arranged to see one  property, unfortunately the property was trashed and beyond what I wanted to get involved with as an investment.After that trip and more conversations to ensure both of use still had the same objectives, I ended up speaking with the owner/broker because he couldn’t answer any of the questions I had like giving me an ideal of which areas I could look at (of course without going against any ethical things that realtors have to abide by), rents I could get, area sales.

So after having been highly intrigued by yesterdays debates about the ethical use of advertising for a phantom house using bandit signs, I was curious as to what people may think regarding other forms of 'fake' advertising.