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Ryan Allison
Pro Member
  • Investor
  • Connecticut / Massachusetts
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Subject To - Florida

Ryan Allison
Pro Member
  • Investor
  • Connecticut / Massachusetts
Posted Jan 15 2021, 13:08

Looking at a property in Florida that is a subject to deal.  5.75% interest, $54K outstanding but the owner is requesting $22K in cash & I would take over payment.  Owner purchased a little over a year ago for about $70K.  

I've never done a wholesale / subject to deal in FL.  What are the risks of this from the buyers' point of view?  Any issues w/ insurance / bankruptcy risks, etc?  

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