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Updated almost 4 years ago on . Most recent reply

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Brandi Vigil
  • Real Estate Agent
  • Grand Junction, CO
5
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23
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How to do "Subject to" deals

Brandi Vigil
  • Real Estate Agent
  • Grand Junction, CO
Posted

Hello, can anyone recommend a good website or book to learn about "subject to" deals?  Also, does anyone have subject to contract for Colorado?  Thank you!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,203
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42,850
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @Account Closed:
Originally posted by @Michael Thompson:

@Brandi Vigil Pace Morby or Grant Kemp are who I recommend for subject to knowledge.

 While I agree that Pace Morby is very active in teaching Subject To, I've watched a couple of his recent videos and he misses it on some serious legal implications that apparently he isn't yet aware of and he misses it in the "flow of the market'. I think he has been doing Subject To for about 3 years or less. He hasn't been through a down cycle. 

In one video he says he buys properties for Zillow + $20,000. In my opinion, that is not wise investing. I think he is basically honest abut what he knows. However, we are at the high of the market and everybody looks like a genius. As Steve Eisman from "The Big Short" says "They mistook leverage for genius".

I am not here to bash anyone but simply to point out that it isn't until you've been through a complete cycle that you have complete knowledge.

I do not know who Grant Kemp is so I have no thoughts on him.

LOL when I bought sub to in the years 2002 till 2007  the market was robust I would only buy market value MINUS 20k or more NOT PLUS any fool can do that  talk about a losing strategy if the market does not continue to sky rocket.. I only bought deals with equity day one period full stop..  plus i have no doubt these guys gloss over the liablity and what can happen when the crap hits the fan.

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JLH Capital Partners

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