Updated almost 9 years ago on . Most recent reply
sub2 rental?
I have a seller that is current. He is upside down 30k on his home and wants out. Piti is 500, market rent $1000. If I took it sub2, and rented it, would I be risking too much on the due on sale clause? If the bank did call the note, how could I ethically move the property?
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I certainly wouldn't recommend taking over a property subject 2 that is upside down 30k



