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Subject To -- mortgage greater than house market value?
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?