Selling & Buying "Subject to"

[Ruby Ruiz]

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The best part, the transaction is quick and 100% legitimate. I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years. The more I learn, the more I understand why a person would want to sell and buy this way:

1.) Convenance outweighs equity from time to time. Especially when they are going into foreclosure and fear their credit being damaged. Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit. This form of selling becomes attractive to them.  

2.) Fast close. Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies. We close with attorneys who draw up all documentation, trusts, and act as escrow. Typically this takes anywhere from 7-10 days dependent on the circumstances. 

3.) Win win scenario. The seller gets to remove the burned of the monthly note while the investor takes a whatever equity is on the home, turns around and can cashflow if numbers work. 

Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily! Gotta love Real Estate, you never stop learning! 

Have you done any Sub2 deals if so what is your experience?

[John Clark]

Quote from @Ruby Ruiz:

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The best part, the transaction is quick and 100% legitimate. I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years. The more I learn, the more I understand why a person would want to sell and buy this way:

1.) Convenance outweighs equity from time to time. Especially when they are going into foreclosure and fear their credit being damaged. Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit. This form of selling becomes attractive to them.  

2.) Fast close. Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies. We close with attorneys who draw up all documentation, trusts, and act as escrow. Typically this takes anywhere from 7-10 days dependent on the circumstances. 

3.) Win win scenario. The seller gets to remove the burned of the monthly note while the investor takes a whatever equity is on the home, turns around and can cashflow if numbers work. 

Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily! Gotta love Real Estate, you never stop learning! 

Have you done any Sub2 deals if so what is your experience?

Where in your pean to sub to do you limit its use to buyers who have the money to buy out the mortgage on no notice when the seller’s lender calls in the note for due on sale, and to sellers who have the money to buy out the mortgage on no notice because the buyer was a fraud who rented the place out, kept the rent, and didn’t pay the mortgage?

[Ruby Ruiz]

Not sure I understand your question? 

Lender calling the note due is a risk, but done the right way and guided by an experienced professional the risk can be minimized. 

[Joe S.]

Quote from @Ruby Ruiz:

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The best part, the transaction is quick and 100% legitimate. I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years. The more I learn, the more I understand why a person would want to sell and buy this way:

1.) Convenance outweighs equity from time to time. Especially when they are going into foreclosure and fear their credit being damaged. Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit. This form of selling becomes attractive to them.  

2.) Fast close. Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies. We close with attorneys who draw up all documentation, trusts, and act as escrow. Typically this takes anywhere from 7-10 days dependent on the circumstances. 

3.) Win win scenario. The seller gets to remove the burned of the monthly note while the investor takes a whatever equity is on the home, turns around and can cashflow if numbers work. 

Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily! Gotta love Real Estate, you never stop learning! 

Have you done any Sub2 deals if so what is your experience?

 What exactly are you trying to offer or promote in your post?  

[Ruby Ruiz]

Quote from @Joe S.:

Quote from @Ruby Ruiz:

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The best part, the transaction is quick and 100% legitimate. I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years. The more I learn, the more I understand why a person would want to sell and buy this way:

1.) Convenance outweighs equity from time to time. Especially when they are going into foreclosure and fear their credit being damaged. Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit. This form of selling becomes attractive to them.  

2.) Fast close. Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies. We close with attorneys who draw up all documentation, trusts, and act as escrow. Typically this takes anywhere from 7-10 days dependent on the circumstances. 

3.) Win win scenario. The seller gets to remove the burned of the monthly note while the investor takes a whatever equity is on the home, turns around and can cashflow if numbers work. 

Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily! Gotta love Real Estate, you never stop learning! 

Have you done any Sub2 deals if so what is your experience?

 What exactly are you trying to offer or promote in your post?  

 Your not suppose to promote on this platform. The intention is to connect and share experience with other investors to learn from eachother. I see your an investor, what is your strategy, how do you buy?

[Chris Williams]

Quote from @Ruby Ruiz:

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The best part, the transaction is quick and 100% legitimate. I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years. The more I learn, the more I understand why a person would want to sell and buy this way:

1.) Convenance outweighs equity from time to time. Especially when they are going into foreclosure and fear their credit being damaged. Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit. This form of selling becomes attractive to them.  

2.) Fast close. Unlike the traditional 30-45 days that it takes to qualify and close a home through a bank, closing Sub 2 does not involve any banks or title companies. We close with attorneys who draw up all documentation, trusts, and act as escrow. Typically this takes anywhere from 7-10 days dependent on the circumstances. 

3.) Win win scenario. The seller gets to remove the burned of the monthly note while the investor takes a whatever equity is on the home, turns around and can cashflow if numbers work. 

Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily! Gotta love Real Estate, you never stop learning! 

Have you done any Sub2 deals if so what is your experience?

 Yea I am skeptical on subto. I have heard from multiple sources that legislators and real estate commissions are working on shutting it down or at least making it more difficult. It can work for like a flip or for a very capitalized investor, but I think it is on its last leg. That's just my opinion. I am open to being wrong.