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Updated over 1 year ago on . Most recent reply
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Selling a property that was acquired subject to
Hello,
I am new to real estate investing and I have been learning about creative financing. A question that I have is, once you have acquired a home via subject to, what does it look like if you want to sell the home? Are you able to sell the property to someone who is financing with a conventional loan? Any input on if this is possible and what it would look like would be great!
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Yes, is just like a regular transaction where the loan is paid off at closing. Remember that the loan is the first lien on the property so the selling price has to cover the loan payoff.