Thinking about Subject To, but need input

[Derek Smelser]

TLDR;

• -First investment
• -Owner has been in the home for less than 6 months but want to move and build a home
• -I want to buy and rent out
• -I have heard of deed in lieu and subject to but don't know if wither of these are the right option
• -HELP

The homeowner has been in the home for 4 months and just wants to build something. They are not in a bad position on the loan and they are willing to work with me. I want to find a way to take over the financing/deed without doing a traditional sale (to avoid as much closing expense as possible). She will rent while her home is being built and I plan to just have her make the payments she has already been making, then I will likely raise the rent $100-200 when I rent to a new lessee.

Since she bought the home it has appreciated around $15k and the area is expected to continue growing at a good clip. Greenville, SC if that helps at all. Home was a flip, all big expenses (roof, HVAC...) new so I am expecting low capex in the near term.

I appreciate input from anyone who can help.

Thanks