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Updated over 7 years ago on . Most recent reply
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subject 2: still worth it in late 2017
So I've been looking into "subject to" recently and would like to start doing it. I understand a lot of subject 2 was done post recession years and it worked great. I understand how in a post recession economy it would work great, however now that the market has (largely) recovered are there still plenty of subject to deals around that would make sense to an investor?
Most Popular Reply
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I look at it almost like a Dr. each house is patient, whats the prognosis?
Sellers could list and do xyz, but that doesn't mean they will or that it hits on what they want.
I got a house sub 2 this year, I only did it due to instant equity, ok cash flow and I think I can refi should I get called.
The only reason I can see why the seller allowed me to do this is because he wanted me to take all the junk and he was too busy to deal with cleaning and selling (MBA, work and a baby).
Lesson learned, think on your feet. Propose creative deals, the worst they can do is say no. I truly don't view this business as convincing a seller to do anything, its finding the square peg and putting it the square hole nice and easy.