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Updated about 9 years ago on . Most recent reply

Samuel S.'s profile image
Samuel S.'s profile image
Samuel S.
  • Rental Property Investor
  • from Metro Detroit
  • Member since Mar 10, 2015
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83
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Samuel S.'s profile image
Samuel S.'s profile image
Samuel S.
  • Rental Property Investor
  • from Metro Detroit
  • Member since Mar 10, 2015
Connect
Samuel S.
  • Rental Property Investor
  • Metro Detroit
15
Votes |
83
Posts
Creative Real Estate Financing

Subject-To vs Land Contract

Samuel S.
  • Rental Property Investor
  • Metro Detroit
Posted

Hey BP folks,

Was hoping I could get some advice on what the main difference is between a subject-to, and a land contract?  If a motivated seller has a property that's been on the market for awhile, what would entice them to agree to a subject-to? To my understanding, I would be taking over their existing mortgage, but how would they receive the cash payout from selling the home?  Would greatly appreciate any input!! 

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