Finding Deals Off Market and Cash Flowing and Getting Equity To Take Over Their Loan!

[Account Closed]

Here is how to buy using "off market", "Subject To" and save $410,755 on the same property.

Notice that the purchase price is less for the same property, because the seller is selling for what they owe on it. This is not found on the MLS.

Click to enlarge - Red is expense, Green is Profit

Since we take over their loan, we also get their interest rate which is substantially below today's interest rate. That makes the payment significantly lower. And, on top of that, there are no lender fees.

So, this property rents for $2400 a month. That means I would lose money using a bank, but you already know that. Using Subject To, taught the right way, I can cash flow this at around $500 a month after taxes and insurance. Pretty cool, eh?