Updated over 17 years ago on . Most recent reply
Contract for Deed versus Sub 2
It seems like no matter how great one's credit it. Understanding and executing these types of deals will help a lot for acquiring property over the next few years.
I like to hear thoughts on why someone would want to do a sub 2 instead of a contract for deed. I am new to creative real estate financing (and investing), and have not executed any of these types of deals yet. But a contract for deed seems safer than a sub 2. I know with a contract for deed the buyer doesn't take title from the seller until the property is paid off completely. I don't have a problem with that. Maybe I should?
What are the pros and cons of sub 2s versus contract for deeds ?