Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 11 months ago on . Most recent reply

User Stats

29
Posts
11
Votes
DJ Brooks
11
Votes |
29
Posts

Sub To Contracts? Anyone Have Any?

DJ Brooks
Posted

Hello everyone, I am trying to set up a sub-to deal on a listing I have. However, I do not have a contract or template to create an agreement. Does anyone have a blank contract they are willing to share with me? Or does anyone have pace's template? Please let me know. Thanks!  

Most Popular Reply

User Stats

42,838
Posts
63,174
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,174
Votes |
42,838
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Don Konipol:
Quote from @Wendy Patton:

@DJ Brooksi have a great book on the topic and a course - but there is more to subject to then just a form.....maybe check out my book from Amazon and see what you think - it will give you a ton of tips -  very few attorneys will have a clue how to do a subject to  - 

Yeah, Wendy’s book is pretty good primer. You’ve at least have to understand the basics, which Wendy explains very well.  

I have not read the book but I have done many sub 2's over the decades and for us it was just a standard purchase contract and when it says additional terms we just described that we were taking title subject to the existing debt or which debt would remain on title. However as stated there is a lot more to sub 2 than just a purchase contract you have to understand all the risks and especially the risks to the people your buying the property from.. they are the ones in my mind that really need legal representation before entering into one of these transactions and deeding away a property where the their mortgage is not retired and it stays in their name and of record.
business profile image
JLH Capital Partners

Loading replies...