Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

30
Posts
24
Votes
Lee Mast
  • Rental Property Investor
  • Fort Collins Colorado
24
Votes |
30
Posts

Subject 2 advice requested.

Lee Mast
  • Rental Property Investor
  • Fort Collins Colorado
Posted

Hi. 

I have an 8 unit apartment building I am considering making an offer to purchase with a subject 2/owner finance hybrid (Pace Morby stuff).

The property is currently jointly owned by the two children after their dad passed away. The mortgage is still in their dads name. 

Is there any additional implications/risk of attempting to purchase this property Subject 2 vs purchasing from an owner with the mortgage in that owners name? 

What kind of questions should I be asking? 

Has anyone here actually successfully found the mysterious "Due On Sale Clause insurance" referenced by Pace Morby on his Bigger Pockets podcast appearance on BP show#527 on Nov 4, 2021? 

Loading replies...