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Updated over 3 years ago on . Most recent reply

User Stats

12
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2
Votes
Jason Brungardt
  • Rental Property Investor
  • Colorado Springs
2
Votes |
12
Posts

Sub-To with Back End Seller Financing?

Jason Brungardt
  • Rental Property Investor
  • Colorado Springs
Posted

Hello everyone. 

I have a tricky question.  I have the opportunity to buy a property outside of St. Louis in Illinois Subject To.  I then have someone who is asking me if I would be willing to do a seller financed loan to them.  Does anyone have any insight on whether this could even be done?  Thanks.  

  • Jason Brungardt
  • Most Popular Reply

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    Nate Sanow
    • I​nvestor & Agent
    • Tulsa, OK
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    Nate Sanow
    • I​nvestor & Agent
    • Tulsa, OK
    Replied
    Quote from @Account Closed:
    Quote from @Jason Brungardt:

    Hello everyone. 

    I have a tricky question.  I have the opportunity to buy a property outside of St. Louis in Illinois Subject To.  I then have someone who is asking me if I would be willing to do a seller financed loan to them.  Does anyone have any insight on whether this could even be done?  Thanks.  


     That is essentially what I do. You can see an overview at

    https://www.biggerpockets.com/...


     Good post and I appreciate the simplicity of this. I’m hopeful to do my first deal outside of lenders soon!

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