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Updated over 1 year ago on . Most recent reply

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Sebastian Butler
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Sub to an owned owner financed property

Sebastian Butler
Posted

Can you sub to an existing property you own that is currently owner financed? I am looking to start wholesaling owner financed deals and most people want to sell to an investor or end buyer. This could potentially get around that issue. Was curious if anybody does this or if it is even possible.

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Marco Bario
  • Specialist
  • Frederick, MD
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Marco Bario
  • Specialist
  • Frederick, MD
Replied
Quote from @Account Closed:


Sure, you can sub to an existing property you own that is currently owner financed. It's a smart move to explore this option for wholesaling owner financed deals, as it can help you work around the challenges of selling to an investor or end buyer.

Many investors do this, and it's definitely possible. Just make sure to review your existing financing agreement and possibly consult with a real estate attorney to ensure everything is in order.


Please don't wholesale subject to deals. If you don't understand the reasons why, you shouldn't be near a subject to deal. 

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