If I obtain a house form a sub2 deal and resell it as a Lo, I do believe that my buyer is vulnerable to the DOS
Since he has a sizable deposit on the line.
Just a thought.
I was talking about a sandwich lease and triggering it with the Seller. If you bought sub2, then by all means have a back-up plan (a broker who can get you an investor refi loan). The T/B is safe if you do your job right.
[addsig]
If the seller wants 10% down.....Do you think the seller would consider putting the property into a LLC with you and then do a refinance to get his money out of the property? They could still hold a second mortgage on another piece of property you own for the 10%.
Just a thought,
Robert
[addsig]
If so, how do you make them understand that they are never called payable.(at least in NC)
If I obtain a house form a sub2 deal and resell it as a Lo, I do believe that my buyer is vulnerable to the DOS
Since he has a sizable deposit on the line.
Just a thought.
I was talking about a sandwich lease and triggering it with the Seller. If you bought sub2, then by all means have a back-up plan (a broker who can get you an investor refi loan). The T/B is safe if you do your job right.
[addsig]
Aw...shucks. Thanks!
[addsig]
If the seller wants 10% down.....Do you think the seller would consider putting the property into a LLC with you and then do a refinance to get his money out of the property? They could still hold a second mortgage on another piece of property you own for the 10%.
Just a thought,
Robert
[addsig]
I think you are better off selling it also.