Updated about 17 years ago on . Most recent reply
Subject-to and your realtor
I have looked at a property with my Realtor, and I have worked the numbers to a point where I can't find myself getting more than 12% COCR -- not enough for this investor, so now I am curios on how to pursue this property further.
I think I can convince this seller to make this a subject-to deal. This is a seller who is in pre-foreclosure and who bought the property in 2004 for 165k and it is now appraised at 85k ARV with about 20k in repairs.
Would my Realtor not get paid in this situation, or would she have to take a fee based comission? Is the old financing on this house too bad to want to hold on to?