No Hold Um!!!!!!!!!!!!!
Hell-o all I have been looking for a course and have been trying to find one that does'nt teach the hold um AKA lease option way of selling for my buyers ..Just starting out all I want to do is get the deed and sell the homes fast,,,either to help the buyer out of forclosure or some other problemthey might have,,Call me lazy but I want my $$$ now I don't want to wait for two maybe three years to get my money,,,putting up with tentants and all there problems,,,my dad rented his house out and hated it I know there's a differance between L/O and the regular renter,,,but just starting out I just want to get in and get out with a nice check for me and the seller....Do any of you know where I could get a course like that,,,,That shows me forms to use and how to fill them out,,,without selling my kidney to fund the course,,,,,,,I know it might be alot to ask and I realy might be dreaming but I hope that there is one out there........Thank you all so much for your help,MD
P.S Marry Christmas,,,,,,,,, 
[ Edited by mjdreal on Date 12/25/2003 ]
Subject to is just a different way used to acquire properties. Once you have the deed, you can sell it using whatever method or strategy that you want to. Nothing is preventing you from advertising the house, or even listing it with a realtor etc. as soon as you control it.
Jeff
jeff12002,
would there be a seasoning issue with the deed. since mjreal would be selling within a short time frame. I too am looking to do Sub2 with pre-foreclosed
deals. But, do not want the property as
a rental.
Seasoning issues are only a factor when you are dealing with FHA Loans. Find yourself a mortgage broker. They will tell you that there are more than just a few lenders, and loan programs available where title seasoning isn't an issue. You can steer your buyers to them.
I figured that if I use a private money lender and got my buyer to go thought them then I would 'nt have a seasoning problem.. Is it true that if you do a double closing then all that seasoning stuff does'nt matter anyway,,,or am I off base.........thanks guys..............MD
P.S is johns sub/2 course anything like what I was asking for up there^ ...... [ Edited by mjdreal on Date 12/26/2003 ]
As I said before, Subject 2 is a method to acquire property. After you acquire it, you can do with it as you will (While keeping your promise to the sellers). If you have better marketing than the previous owners, you may be able to put the property up for sale, and sell it quickly for a profit.
Quite often private lenders are going to be looking for a better rate of return than a 30 year mortgage (or deed of trust) at market rates. In my prior post, I recomended finding a mortgage broker. It is their job to shop around for the best loan available for you, or your buyer. They are able to put extremely competitive packages together without seasoning issues. I'm not talking about predatory lenders, high points, high interest rates, or 20% down. Just because the loan isn't affiliated with FHA lenders, doesn't mean that it is inferior to one that is. Seasoning is only an issue if you make it one.
John's course is excellent![ Edited by jeff12002 on Date 12/27/2003 ]