Need Advice On Subject To Deal
I have an opportunity to purchase a pre foreclosure property at $87,000 that has comps between $110,000 and $115,000. I'd like to do this with as little cash as possible and have seen some articles on Subject to contracts and they appear to be the best option.
Can anyone help me... this is my first deal!
Thanks,
Bill
My first question to you is: Have you inspected the property? or better yet, since you are new at this did you have an inspector inspect the property? Ga. has flooding , ground shifting, and other weather conditions that really need expert analysis before purchase. I am not interested in frightening you. But, have a concrete plan going in. Incase, you need to rent the property out until you decide to sell or flip. Jl
Yes, I have an inspector that I'm working with so I'm not worried about that. I'm more concerned about being able to close the transaction quickly before the foreclosure takes place. In addition I'm trying to limit my out of pocket expenses.