Four years ago a buddy of mine approached me, he had a friend that was going to lose his home, he was behind 1 payment and wasn't going to be able to make the next one. My buddy wanted me to meet his friend to see if there was something I could do. Fortuneately I had learned how to do Subject-To purchases through real estate training I'd learned from the Rehab Valuator and other types of real estate training and books I've read over the years, so I knew the current Owner my buddy's friend could sign his rights over if we wanted the deal. Long story short, I told my buddy that if the property looked good and he was willing to sign his rights away and we could find a Lessee/Renter prior to closing I'd be interested--a tall order to fill. We met with his friend I told him my stipulations, he had a phone number on a piece of paper he'd written down a week prior to our meeting to someone that said they were interested in leasing the place--but he'd never called them because he didn't want to deal with it. My buddy is really good with talking to people on the phone so he called them right there--we talked over speaker phone for about twenty minutes, they agreed to lease the place out on a few stipulations of their own. We made a tentative agreement with my buddy's friend. A few days later the Lessee's were satisfied with the property, so we signed a PSA with my buddy's friend, we each gave him $50 for him to sign his rights over to us (Quit-claimed the property to us). We leased it out to our Lessee's for four years making on average $250 per month on the property. Last October 2020 they needed to move and we put the property up for sale on a Wednesday in November had 3 offers the next day, 6 offers by that Friday, 2 of which was cash offers, 1 FHA offer went $10,000 above our asking price, one of the Cash offers matched that offer and we went with them. We bought the property for $129,000 (what was owed)+$100, made average $250 after repairs for 48 months, paid the current mortgage down to $113,500 and sold it for $203,500, netting after all expenses, realtor fees (which we talked down to 4%), netting $190,000, for a net profit of $90,000, my buddy and I went into partners on the property since he brought the people and we each split the profit for a $45,000 net each, $10,000 we took as cash the other $35,000 we rolled into a 1031 exchange deal and are currently looking for properties to re-invest in. It's the most profitable deal I've done to date and I've done about 15 deals in the past 8 years.