Spreadsheet Buying Subto (Subject To) with the (BOMSTSLO) ™ Method

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Spreadsheet Buying Subto (Subject To) with the (BOMSTSLO) ™ Method - Just a suggestion for those who want to jump ahead in investing - this is an actual deal recently done in AZ

So, what's the difference between using a bank and buying by taking over the sellers' loan?  You mean you can do that ? Sure.

Buy Off Market, Subject To, Sell Lease Option - this is being done all over the country and has been for decades

It’s a Subto (Subject To) that I helped a guy buy “off market” and he chose to sell on a Lease Option. This also works in OH, IN and GA. I’ve broken it into sections so it’s a little easier to follow.

Is into it for a total $15,828 Cash - No Bank, No Loan, No credit check and he nets $106,745 when all is said and done.

Using a traditional bank, would have a 20% down of $55,000 plus $3600 in closing so roughly $58,600. That’s a difference of about $42,000 to buy a property. That is money that can be used to buy the next one, and the next one. It’s 3 times as efficient to do the (BOMSTSLO) ™ Method

(BOMSTSLO) ™ Method "Buy Off Market", using "Subject To" selling on "Lease Option"

Click to enlarge