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Updated about 10 years ago,

User Stats

19
Posts
7
Votes
Brandon McCraney
  • Investor
  • Raleigh, NC
7
Votes |
19
Posts

Subject To -- mortgage greater than house market value?

Brandon McCraney
  • Investor
  • Raleigh, NC
Posted

Hi BP's, hoping for some comments on those knowledgeable in Subject To....

I have found two opportunities where Subject To came to mind a possibility. I have read many posts and watched youtube videos on Subject To but still have some questions. In both opportunites the owners are in a position where they can no longer afford the payment. Also, both owe more on the mortgage than what the house is now worth. Both opportunities would be used as a long term rental income investment. Both properties would cash flow from day 1 (at least $200 p/mo). Does anyone have experience with these type of situations?

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