Hans dissects a pre-foreclosure subject-to (sub2) deal closed in November 2021 for $111,000, covering a $75,000 mortgage, $30,000 in arrears, and $6,000 to the seller. Despite a competitive market and a flaky seller, Hans reveals three reasons why pre-foreclosures are his least favorite lead source—intense competition, unreliable sellers, and tight timelines—yet uncovers one massive reason they can be highly profitable: significant equity. Learn how Hans navigated a logistical nightmare to secure a high-equity deal with a risky foundation, and why the potential rewards may outweigh the chaos. Perfect for investors tackling tough leads. 

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