Subject To Deals

[Jason Connolly]

So these subject to deal are really interesting me. I would like to learn absolutely everything I can about this form of deal. If anyone out there could point me in the direction of some of the better educational materials relating specifically to this or if you have any personal advice or stories to share on this topic, it would be much appreciated.

[Daren H.]

When a seller has true motivation, they are open to lots of solutions and subject-to is one of them if the situation dictates. Last year I purchased a rental via subject-to. Everything I learned was from reading books and listening to podcasts. What I determined from listening and reading is that it is crucial to explain the process to the seller that makes it simple to understand, benefits to them, resolution of their problem, how they are protected, and reasons why it would not be in the buyer's (you) best interest to default on them. Once I got the seller comfortable with this idea, he was all on board. Through researching reviews, I found an experienced attorney who handled subject-to transactions (she was also affiliated with the title company). She walked me through the process and how best to handle the nuances. We closed the transaction and I was on my way. The seller and I have a good relationship to this day. There were a few things I learned that I would do differently the next time related to Power of Attorney, Escrow, and Insurance.  Long story short, it definitely works and can be done. I am nothing special and I did it. Now it is another tool in my investor tool box. Check out the book "The Turnkey Investors Subject-To Mortgage Handbook" by Matthew S. Chan.