Subject To deals: The good, the bad, and the ugly

[Allan Rosso]

I have been interested in Subject To deals for a while, and have done quite a bit of research. 

I am in the military, and feel that finding other military members to conduct these types of deals with would be a good opportunity. Reasons I believe this:

- Most of them used a VA loan to begin with, and in theory, wouldn't have much/if any of their own money tied up with the property. (This could help me get into such a deal with zero money out of pocket, and just a promissory note if it came down to it.)

- Need to sell fast: orders to switch bases can come at any moment, so some may not have much time to go through the selling process: find an agent to put the property up for sale, not to mention finding someone that will want to buy the property before they move away so that they can close on it. (They can always have a power of attorney so that either the agent or anyone else can close for them, but who wants to have the worry of something going wrong in the back of their minds, while they're trying to move to another part of the country, or even overseas?). Also, they may have no interest in becoming landlords themselves.

I'm looking for fellow investors with experience in Subject To deals, that are willing to share their stories and advice. Thank you ahead of time.

Allan