Subject-To Deals Risky?

[Dylan Speer]

Hi everyone,

I recently got contacted by an investor who is interested in doing a "subject to" deal on a condo I own. The proposal sounds promising, and I wanted to reach out to see if anyone here has experience with this type of arrangement.

The investor has offered to give me $10,000 upfront, which seems to indicate that he has some skin in the game. Additionally, he mentioned that a lawyer would be involved in the transaction, which provides some reassurance. However, I'm still cautious and want to ensure I'm not missing any critical details.

Has anyone here done a subject-to deal before? How did it go, and what should I watch out for? Also, with the investor putting down $10k upfront, does this typically mean they're more likely to keep up with the mortgage payments?

I'd appreciate any insights, advice, or experiences you can share. Thanks in advance for your help!

Best,

Dylan