Buying Subject to

[Account Closed]

Hey BP,

Currently I'm a buy and hold investor - I have 4 units total and am always looking to buy more. With traditional financing getting more difficult to come by, I've been looking at finding better deals and getting more creative with how I acquire them. So as I ramp up my marketing to motivated sellers, I've also been reading up on buying rentals subject-to. I found some great articles and have read everything I can get my hands on, but does anyone have a standard contract that you use to purchase houses subject-to? I know you are most likely not a lawyer and I will not treat anything posted as such. However I'm looking for a good starting point to add to for future transactions. Any help in this area would be greatly appreciated, thanks everyone!!

[Grant Anderson]

The contract I use for all my purchases has many different options on it, depending on the box I check, there is cash, bank financing, seller financing, or subject-to. If you currently have a contract that you are using just add subject-to. Although you will need a couple other items from them. One a power of attorney over that loan and a non-disclosure agreement that they will not tell the bank they have sold it.