What is the advantage and/or disadvantage of taking a house sub2 vs. using an AITD. Are there any courses on using AITD or wraps especially in Texas?
The AITD would give the seller the right to foreclose if you do not make the payment to them or the bank. You would tend to use this more if they are financing part of the purchase price. You are still buying the house sub2 because you are not doing an assumption. Best to just get a deed if no owner financing involved.
I do not know of any courses.
Hope i helped a little
Thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737
512-301-9171 home
512-587-6177 mobile