All Forum Posts by: Sam V

Hi Chris

Do you go to the newspaper site or do the counties have a place to pull them online? please let me know

Thanks everyone for your reply/feedback. My deal involves taking something subject to and having to come out of pocket for about 25 k with realtor commission and to owner etc. my cash on cash is about 30% and it will take me 3 years to get my initial investment back.
If I put in just 4 k it wouldn't concern me this much. but since it is more I am not sure if I want to take that risk or not.
I am comfortable doing sub2 with just a few thousands down and so wanted to findout how much you all are putting down on these sub 2 deals.

Pls. let me know your thoughts.

Hello Kathy and Federico
Thank you for your reply.I have the setup (l.trust &llc) etc. figured out. The issue is that there is a realtor involved in the deal and if I pay the commission and what the seller wants it comes to a handsome sum which will take me almost 3 years to get my cash back.
The loan is a fixed loan/30 years so I am good. But if I put too much money and the bank does call it due I would be the one scrambling after putting money.
I am trying to see if I can work out some other type of deal , pmts every month instead of any chunks upfront to minimize my risk. So was wondering what the chances of the bankc alling the loan due in this market?
Thanks
Sam

subject to deals - how much does everyone put down and has the bank called loan due for anyone.

Also, if there is a realtor involved have you structured anything creative to avoid putting a lot of money upfront since there is a risk that the loan can be called by the bank.

Please let me know