sub2 mentors?

General Real Estate Investing
1

Hi all;
Hope everyone had a great New Year! I am in central Ohio and looking to do some sub 2 deals. I am curious to see if this is still a viable option given the widespread drops in equity, and what the risk would be 1-2 years or more down the road, as rates will likely increase thus increasing the risk of lenders calling loans due (due on sale). I saw a post here about a BofA loan calling one due and worry that this will become more prevalent.

I have not done these deals yet but have educated myself on the process. Still a little nervous about it with all the legalities, etc. Any suggestions as to where I can find some experienced sub 2 guys/gals out there who would be interested in “mentoring” me on a deal if we split the profits or I pay some kind of consultation fee? Thanks!

Eric

2

Hi Eric,

I have a mentor program for l/o and sub2 that I just bought about two weeks, and I found out it’s not a fit for me, so I would like to transfer it with a discount. If you have interest about having mentors to help you work through your deals, and be willing to split some profit with them, please give me a reply, and I will give you more detail information. Thanks.

Wen

3

Wen;
Thanks for the info. Yes, I would like to hear more. Can you PM me or I can do the same. Thanks!

Eric

4

Eric, if you’re interested, there are people that will give you solid information and guidance, free of charge. I know if I were to tell you to look at my signature, you’ll find such a place.