"Subject to" in Jackson County Missouri

[Jarrad Henry]

Hi folks, 

Looking for an attorney to help draft agreements for a "subject to" property acquisition in Jackson County Missouri.

Any referrals?

Beyond that I'm curious if this strategy for real estate investing is antiquated. 

I'm aware of some of the risk involved both for the seller and buyer but any additional education is always welcomed.

You guys are awesome!

[Luther Wilson III]

Hey @Jarrad Henry,

"subject to" deals are my favorite.  I wouldn't say that this purchase method is antiquated at this point in the game but they are certainly harder to find in this market.  I could be wrong but I think these types of deals are best found in a "down" market...

Right now is a very interesting, weird, kinda frothy, "up" type of market.  When properties in and around certain parts of Jackson County are selling for higher than ever seen before, it really makes you wonder what the heck is going on and how long it's going to last.

It's been good in a lot of ways but it's also challenged and forced a lot of real estate professionals to rethink what they're doing, how they spend their marketing dollars, question the older business models, methods of doing business, and so forth.

As a realtor/broker, there's no question that our time is best spent working with sellers and getting as many listings as possible while, of course, focusing on the higher dollar/income spending type of buyers, syndicators, developers, etc.

As an investor, the thought of buying turnkeys and utilizing traditional investor types of financing to capitalize on these low interest rates has become very attractive. The BRRR strategy could be part of this as well.

As a psuedo wholesaler/marketing machine, people have really had to ramp things up with the marketing and be more aggressive to try and find those motivated sellers  who really need to sell and sell fast.

As a property manager, it makes sense to put the pedal on the metal here...  With all the people getting into multifamily and the sheer lack of quality property managers in & around KC, to me, it only makes sense to grow this portion of a business as much as possbile and then wait for the next correction, while doing everything else we do.

Hope all this helps...  By the way, the subject to contracts can be found through a solid real estate attorney or title company that knows what they're doing.  Ask around enough and you'll find what you need.  ;)