Wondering about the negatives faced by Sub2 SELLERS...
Hello,
I've successfully done my first few "Sub2" and "Contract for Sale" deals, but I've been wondering about the true ramifications for the sellers. Assuming they're not going to become renters forever, I'd imagine that these sellers would have a much harder time getting another loan on a house they might want to buy in a few years. I'm flipping "Contract for Sale" deals. For my portfolio, I'm only doing Sub2 deals and I'm not giving the sellers any promises about refinancing in a few years, so I'm essentially intending on keeping their loans in place for a long time. At the end of the day, I want to do nothing that's unethical and nothing that's harmful to the sellers. Please let me know what you think about the negative implications of these type of deals for the sellers.
Thanks!