Wednesday, April 29, 2009

Subject To Existing Financing

We are purchasing a property tomorrow subject to it's existing financing. That means we will own the property and the existing financing that is on the property will remain in place. We will make the payments, thereby improving the seller's credit and we don't have to qualify for a loan. It is a win-win situation. The seller also prevents a foreclosure.
This house is mostly rehabbed already. It just needs to be finished up on the inside and put new siding and paint on the outside. It is in a great little neighborhood that has superb rentals. I've secretly been wanting a rental in this town for over a year! Is that the "power of the secret" working?
I just got my access to market the Fortune Builder education programs today. So, those of you who know who Than Merrill and the Esajian brothers from Flip This House are, they have a mentoring program, education, trainings and boot camps for investors. I can get you special pricing! So if you are interested, let me know and I'll get you to the right person over there.
Also, any REO agents out there who need an affordable on-line program to manage all your REO listings, the accounting, billing, repairs, etc., check out Builidium.com.

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