Subto Meltdown 🤢 · Wholesaling Real Estate

Subto Meltdown 🤢

If you saw my post about a week or so ago, I got my first property under contract as a sub to. Everything looked great on the surface like it would be a perfect addition to any investors portfolio. After sending the info to title and learning the property had a few liens, i kept pushing forward to get all my ducks in a row and see if there was still a way to not only secure an assignment but help this seller out of such a difficult situation.

First lien was about 18k planned on negotiating with the holder down to something reasonable.

second lien came in at 68k 🤮

I am going to have to cancel. It's taught me a lot and it's been challenging but these sorts of situations only work to make me stronger and more resilient. We'll keep plugging away and get something done. 🫡

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