Updated about 2 years ago on . Most recent reply
Which of these come first in pre-foreclosure deals??
Find the rent to own buyer first or market to the pre-foreclosure sellers first? Is it true that in order to protect yourself in case the tenant buyer defaults on payments they must pay a hefty upfront non-refundable deposit if they do not buy the home after their lease is up.
Most Popular Reply
@Antonio Bodley
Well a pre foreclosure borrower is behind on their mortgage so the down payment probably brings the loan current a if you are then trying to do a sub2 wrap with no money in the deal - can it be done yes but chances of doing a deal like this you will probably spend 100’s of hours to maybe get 1 deal.
Sub2 is a very difficult business model and only a few have made a living out of it, and some who made money then sell training programs but if something is so profitable why would you put together training unless it's more profitable than the actual work
- Chris Seveney
