Sub2 Sounds Very Interesting, but....

General Real Estate Investing
1

I have heard of sub2’s before but never really knew much about it until I read this board, wow lots of great information.

Is it true that Sub2’s is not allowed in certain States? If so, which States are those and why?

Also, when someone (buyer) takes a property subject2, how long will this buyer be making the mortgage payments for, like until the mortgage balance is paid in full or until the buyer sells the house? (if that’s possible) :o

Thank you

LadyBug :smiley:

2

I heard NC isn’t a good place to do Sub2’s, but you’ll have to verify.

As far as the length held, that’s your call. What you plan to do with the property afterward is totally dependent on what your exit strategy is. Do you plan to immediately sell? Do you plan to rent? Do you plan to flip? Do you plan to L/O?

3

Ladybug, if you posted your state, you might get better and more state specific responses. Good luck.