Sub2 house, resale to something like "We Buy Ugly Homes"
Posted by: allstarr scout
Posted on : 3/28/2013 12:48:53 AM
An idea I'm thinking of, regarding sub2, would be to get the property deeded to me, so that I'd be the owner, and then "flip" to something like "We Buy Ugly Homes," or some other "we buy homes for cash." That's what I'd like, to start. Would I be able to do that?
Re:Sub2 house, resale to something like "We Buy Ugly Homes"
Posted by: WilliamGA Still Master of ALL I Survey
Posted on : 7/3/2013 7:08:05 PM
Sure, you can flip a sub2 deal but my recommendation is that you "assign" it.
Have the actual seller of the property be the one that deeds the property over and you be the middleman collecting a fee for putting them together.
This way if there are any problems down the road, the seller isn't looking for you.