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Updated 9 months ago on . Most recent reply

User Stats

42
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Justin Reyes
  • Rental Property Investor
  • Milwaukee, WI
62
Votes |
42
Posts

Sub To finance

Justin Reyes
  • Rental Property Investor
  • Milwaukee, WI
Posted

I’m sure a lot of people heard about Sub To financing. Does anyone know how to do it? 

Most Popular Reply

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2,871
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,501
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2,871
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

Why do people every day trade in their car for $10k to 15k less than what its worth to the new care dealer??

You dont know what people are going through and what they NEED to do. I have purchased a number of properties subject to the mortgage. They were usually in a situation that needed a quick fix. For them, that was the easiest and quickest fix.

Not many people will sell subject to the mortgage, but a few will. The hard part is finding the people who will. I usually make several offers when talking with a seller. One of them is subject to the mortgage. That is the highest offer. The cheapest is cash.

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