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Updated almost 3 years ago on . Most recent reply

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Kyle Ewanic
  • Contractor
  • Charleston, SC
5
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12
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BRRRR a "subject to" deal

Kyle Ewanic
  • Contractor
  • Charleston, SC
Posted

I have a property on the MLS I'm interested in purchasing and BRRRR. I intend to live in while renovating. Meanwhile, working on other deals/projects. The home is an inheritance from the original owner (now desist).

Is it possible to buy a home subject to if it's an inheritance?

If so, how would I best go about making it a BRRR investment?

Thanks

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Kyle Ewanic it is possible to do a "subject to" on any property where the owner has an existing loan. Subject to transactions are really rare and I would highly doubt that any property listed on the MLS would fit this type of a strategy.

Can you share with what you were thinking would be the benefit of a "subject to" transaction?  If you are buying a home and living in it...you have TONS more options that someone buying an investment property were they don't live in it...which is why we talk about "sub2" since it's really hard to get investment properties.  Let us know what you were thinking and I think that would help us point you in the right direction.  Thanks!

  • Andrew Postell
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