sub 2 is an acquisition technique. it menas subject to taking over existing mortgage payments, liens, encumberances, taxes, insurance, etc.
you can find a seller with zero equity or an overpriced property willing to walk away from their home without any regards to foreclosure and ruining their credit.

sub 2 is way of getting into a property - potentially a free house without any bank qualifications, credit checks, down payments, closing costs, no commissions.

sub 2 usually involves getting a quit claim deed from the seller to get control of ownership but is normally frowned upon and has its liabilities. youll see savy investors using title holding land trusts as a vehicle to control a property via sub 2 then using fix/flip or seller financing as the exit strategy.

sub 2 disadvantages are violating due on sale clause, tax reassessments, seller is still at risk with their name being on the loan, seller typically has no control, ruining credit and potential foreclosure if the incoming buyer/investor no longer makes payments.

I dont think there is an easy way to find property but the methods that I use are calling all of the "cash for your house" people (I have bought 2 this way and wholesaled one other one to a cash for house person, use bird dogs, network with realtors (Though I am a realtor, through networking many of the realtors in my market will call me when they know a drastic price reduction is coming this has helped me buy homes at 30-40 cents on the dollar) , watch the HUD website (Theres a free HUD guide on my blog if you need help) , run ads in the papers, Network with bankers.

Eric Medemar

Jennifer

I have a publishing website with only one book on real estate. It does really well. Would you have a shorter version of your book that we could sell? Our limit is 50 pages.

It wouldn't cost you a cent.

I would love a book on flipping houses , seeing as its such a hot topic lately.

Have a look at our site it is number one for short ebooks (non) fiction.

http://www.todaybooks.com

Sounds interesting - I have a lot of mini-books I'm working on - and could probably make an abbreviated Sell with Soul. Send me more details in a private message!

What does "really well" mean?

Thanks for your interest!

Jennifer

the easiest way to find good deals is to accept that it takes work to find them. if you can accept that, then its not only easy it can be fun. Dig It.