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Updated almost 3 years ago,

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44
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13
Votes
Christina Colon
13
Votes |
44
Posts

How tonstructure Subject to deals with your taxes/insurance?

Christina Colon
Posted

I'm considering selling/offering my long term tenants a subject to deal on my property. Im so new to this strategy so I have questions that I couldn't seem to find answers to. How does the tax/insurance structure of the deal happen? I currently have them all in escrow under my name with my mortgage company. I'm considering having them put a down payment down, offer a loan amount, and interest rate, hire a real estate attorney/title company to legally write out the contract. Am I missing anything? I also am interested in a subject to insurance to prevent due on clause. Any experts in the group? I would love to chat. Thanks so much for helping a rookie out🤙.

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