Please Read: Subject To and Lease Option Together?

[Bryce Bowers]

I'm interested to see how this discussion goes.

Iv'e been doing some digging but can't seem to find the answer. This question might sound like a yes but is there anything keeping me from doing it? 

So basically if i'm understanding this right, a subject to gives me all rights to the property as long as I take over paying the mortgage payments monthly. I take over the house, and pay the mortgage. But technically the mortgage wont be in my name. And a lease option is just someone renting the house for a while with the option to purchase it in the future. 

My thoughts are to combine the two strategies, is this a smart idea?

If i'm missing anything please let me know, all help is appreciated! 

Thanks

[Steve Vaughan]

To add to Jay's comments about this being a ticking bomb, yes, in theory, this works and was done during the GRC.  Take a pretty, low equity house where the owner just lost his job and wants out desperately. Take over sub2, put a TB in it and repeat.

But lots of nuances. A proper sub2 takes a master's degree, a proper LO, an undergrad. Metaphorically speaking, but not a newbie I heard of this and watched a YouTube guru once type of thing. 

But this is not the GRC.  You will spend 2 years learning how to do something that rarely if ever happens these days.

And why is this in the landlord forums?  Creative purchases are far different than my tenants dog poops, owes me $20 and the ceiling fan won't work.