Posted by chris on January 22, 2000 at 14:21:37:
If you just want some quick cash without holding onto property you may want to look at finding a property in need of rehab that has a lot of equity and that you can get cheap. You could assign your contract over to someone who wants to do the fix up and will pay you for your contract.
Purchasing Subject to a mortgage basically means that the seller will keep the mortgage in his name, but you will make the payments on.
-Hope this helps, Chris