May 13, 2009
Buy houses "subject to", wrap-it & sell owner-finance on 30 yr, note. Make money: 1) down payment, 2) per month (receive monthly pmnt.- sub-to mtg. pmnt. keep balanced), 3) paid when house sold. Make $$$ 3 ways! Same way on low/no equity houses.
Ex-Realtor looking into buying "Sub-To's" (sell on a "wrap" note, Judgments at a discount (prior to closing). Pay "referral $$$).
The AREA meetings are smaller but nicer as they are more in-touch with today's real estate (unlike some larger local real estate groups).