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Updated about 8 years ago,
How to overcome pitfalls of subject to investing?
I am new to subject to investing. Like most people, my BIGGEST fears are the due on sale clause. Here is the other thing that bothers me. If the tenant buyer defaults on making payments in the subject to deal, then what? I am still on the hook to pay the sellers debt with or without the tenant buyer being involved. That's where my trouble come in this situation because my faith and trust is in the hands of the tenant buyer or buyer if I find one. That, and I don't want to be sued by the seller, which I heard can happen if I do not keep up my end of the bargain by paying their mortgage via tenant buyer. What is the best exit strategy for subject to? And, who should I target for subject to deals? Thanks in advance.