Subject To Financing, San Francisco Bay Area

[Kabria Pervoe]

Hi Everyone, 

My name is Kabria Pervoe and I am newer to bigger pockets, the forums, and a complete novice when it comes to real estate investing. One of the biggest hurdles you hear people discuss when expressing interest in real estate investing is finding or saving enough money to buy their first investment property. I love the information that BP shares regarding creative and low money down investment strategies and just need some additional advice on how to get started and get my first Subject To deal in the books. 

My home base is located in the San Francisco Bay Area. I'd like to focus my attention on a single city to start. Thinking about Concord, CA. My first subject to property would be a home I would occupy and any subsequent deals would be remodeled and held as rental investments. Would consider expanding my direct mail marketing efforts to surrounding cities if Concord does not generate enough leads. 

My Questions of the Bigger Pocket Forum Contributers: 

1. When following up with owners who've contacted you directly, how do you explain the process of subject to their financing to them?

2. How to effectively evaluate a SubTo deal and make sure there are no other debts leined against the property? I.E. what makes a good SubTo deal

3. Does anyone know a good real estate lawyer in the SFBay who can assist with drafting up a SubTo contract?

4. Considering quitting my 9 - 5 as an HOA manager to pursue this and other interests full-time. Have some savings and credit I can live off of for a few months? Any advice from someone who's done the same. Defied conventions and pursued their REI passions full time with little money in the bank.

Thank you for any and all advice.