Do you always need money to do subject to deals?

[Mike Schorah]

I’m spending $350/mo ($200 Mojo, $50 second cell phone, $100 PropStream) right now trying to wholesale. I hear that all the cash buyers ran away and subject to’s and/or creative financing is going to be big in the next couple of years with the interest rates skyrocketing.

Do I really need $5k to do a subject to or creative financing deal?

I’d hate to pull it out of my home equity as I know that these deals are risky. I hear it’s like a newbie flipping a house… the chances of success are like 50%. I’d hate to blow $5k and have to give the house back to the owner.

Is there a way that I’ll be able to take this $350/mo budget I’m spending on wholesaling and use it for subject to’s/creative financing without having to come up with a ton more money? Is there any way to do a subject to or creative financing for $2k?