Hans breaks down his eighth subject-to deal—an off-market, pre-foreclosure 2-bedroom ranch acquired through a cold text campaign.
The numbers:
▪️Purchase Price: $165,816
▪️ Existing Loan: $144,312 @ 2.65%
▪️ Arrears: $15,000
▪️ Paid to Seller: $6,000
He flipped the property on seller financing at 6.8%, generating $425/month in cash flow and a 4% arbitrage spread. Also shares the HUD and property video, which helped the absentee seller relocate.
Takeaway: Could’ve charged closer to 10% interest for stronger note resale value.
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