Someone who has done a subject-to deal in SE Idaho

[Doug Quist]

I'm interested in connecting with someone who has done a subject-to deal in South East Idaho in the last couple years.

I'm under contract to buy a house where the sellers were pretty "motivated" to sell.  They lowered the price a couple times and then I offered another 6.9% below that and we have a deal.

I suspect they have a mortgage at 3.6% based on when they last got financing and I REALLY would love that rate, so much that I'm open to re-doing the deal much closer to their most recent listing price if I can get the house subject-to the existing mortgage and give them cash for the difference.  Happy to pay the realtors the commissions, etc.

I'm looking to connect with anyone who has done a subject-to deal in SE Idaho, or if not there, at least in Idaho.  Thanks!

[Jonah Slove]

Did you find anyone and close the deal? Im in SE Idaho looking to get connected to like minded folks 

[William Hochstedler]

Did you get this sorted out?

You should connect with the local REIA's.

Pocatello: https://www.facebook.com/groups/PokyREIA/

Idaho Falls: https://www.biggerpockets.com/forums/521/topics/899698-idaho...

[Doug Quist]

Sorry for the slow reply!

We ended up buying the house through the more traditional method of an owner occupied loan that is a JV with my daughter. We attempted to get the sellers to take more money and offered them two additional options one with an extra $35k, via Subject To, and the other with an extra $70k with both Subject To and a partial seller carry-back. Their agent, who was one of the worst agents I've ever encountered, probably doesn't understand how any of this works, probably talked them out of it.

Was originally listed for $525k and we bought it for $443k with a new roof and a fairly long list of stuff being fixed at their expense.  It was, IMHO, a shame both for us, but mostly for them because they REALLY appeared to be in a pretty serious financial and the extra money would have helped them.  Isn't an issue for us.