Sub2 Question
When a sub2 transaction goes through and you have a l/o to a t/b for a set time (2-5yrs), if the seller wants to get another house will they be able to qualify for another loan? If not, what do you do or tell them?
Maybe that's why I give them $5k to get an apartment for the next couple years huh?
Also, how do you protect yourself if the seller decides to file for bankruptcy down the line? Thanks for any input. -Ray