To Subject-to or Not To Subject-to

[David Cohen]

I have a seller that has offered to sell his house to me for what he owes on the mortgage. Still a little low but not that much lower than houses on the street are worth.  But then I thought as a subject-to it might be worth it, so I wouldn't have the downpayment. Then I could put my capital into the fixes and not the loan. He owes $150,000 and pays $1000 a month.  What do you think?