Posted by Chandra on November 07, 2002 at 16:30:13:
“Subject to” is not recommended if just got
started in RE business. Not that I underestimate
newbies ability coz I consider myself still a newbie,
and have done subject to deal before and making money.
However, I just want to let my other fellow newbies
know that it requires 110% understanding of the
thing before trying it out.
At the end it boils down to “buying it at the right
price”. Make sure the thing is easy to unload coz
with subject to you don’t want to be stuck with
the mortgage payments that will eat you alive.
Purchasing homes subject to - Posted by Marilyn Korchi
Posted by Marilyn Korchi on November 06, 2002 at 23:43:16:
I am really interested in purchasing homes “subject to”. How can I get started? Do I need to pay any amount of money for the home I would purchase or would I just have to sign legal agreements with the seller that give me possession of the home? How can I obtain the legal agreement forms that I would need?
Thanks!
Re: Purchasing homes subject to - Posted by Brandon
Posted by Brandon on November 07, 2002 at 10:46:52:
Subject-to takes care of the payments on an existing loan. You will still have to make financial arrangements that will pay the seller for any equity remaining in the property that he may have, which may or may not require cash.
Re: Purchasing homes subject to - Posted by luke-NC
Posted by luke-NC on November 07, 2002 at 08:10:01:
There are plenty of posts regarding subject to on this board. You can read them all and get info you need.
However, I would buy “the abc’s of subject to” from getthedeed.com, it is the best, most comprehensive course on subject to
