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Updated 12 months ago on . Most recent reply

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Ryan DeVore
  • Contractor
  • Trumbull, CT
5
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9
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Seeking Attorneys for "Subject To" Deals: Your Expertise Needed!

Ryan DeVore
  • Contractor
  • Trumbull, CT
Posted

Hey BPers,

I've been diving into the world of real estate investing, particularly exploring creative financing techniques like "subject to" transactions. While I'm excited about the potential opportunities, I understand the importance of having the right legal support to navigate these deals successfully. I'm currently on the lookout for an attorney in CT with experience in subject to transactions. However, finding the right legal counsel can be a bit daunting. So, I'm turning to this community for guidance.

Have you worked with attorneys specializing in subject to creative financing transactions before? If so, how did you find them? Are there specific strategies or resources you recommend for locating experienced attorneys in this niche? Any insights, recommendations, or personal experiences you can share would be greatly appreciated. Let's pool our knowledge and help each other succeed in our real estate endeavors!

Looking forward to hearing from you all.

Fellow Real Estate Investor,

Ryan DeVore

  • Ryan DeVore
  • Most Popular Reply

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    63,745
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    this strategy has been around for decades and decades my Dad showed me how to do them in the 70s its VERY SIMPLE  the trianers make it seem like its  something super secret .

    But there is risk and the risk is primarily to the seller not you the buyer.. your ONLY risk is if the loan is called and you dont have the money to pay it off you could lose whatever cash you have in it. Thats the trade off ..

    Also keep in mind these deals are not low handing fruit unless your going to over pay.

    sub to is a FRACTION of the transactions that happen in the RE space.

    I suppose your asking because your in a lawyer closing state and most folks simply dont have a lot of knowledge on the closing process..

    Dont make it more complicated than it really is.. And before you spend any money and worry about who is going to do the transaction first see if you can actually find one that makes sense. 

    business profile image
    JLH Capital Partners

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