A newbie who has started the process

Well, I have fully immersed myself into the Sub2/Lease option investing. I’ve been and investor for 3 years flipping and doing rentals. Currently my credit is low and I don’t really have any financing available.

It appears this is my only option. I have begun by both trying to get rent to own people from craigslist. I have also been submitting “I buy houses” thing on there as well. Well, of course I have gotten a good amount of interest from rent to owners. Only one person wanting to sale. Too far away.

Now the challenge is to find people willing to sub2 for these houses.

I guess my question is should I just call all for sale by owners I can find? Send an email to all people renting in that range on Craigslist?

It’s unfortunate b/c if I had a little money there are some good foreclosures that would be very beneficial. But Of course at that point it is too late in the game to do this. Should I just ramp up bandit signs in areas of interest for sellers? All of the above? I’m curious how successful submitting to renters is?

You have absolutely no business doing a sub2 if you have no available financing or monies to pay the mortgage once you take over. Unless you have a buyer all lined up that will follow through. Herbster

I’ve got buyers. I can’t buy it myself. I thought that was one of the purposes of the sub2. Am I wrong there? I thought this program was a means to invest with little down and little to no risk b/c you weren’t specifically tied in.

Or let me back up and say that I can at least do a lease option or CA.