Subject to - Buy/Hold

[Jonathan Killam]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $271,751
Cash invested: $30,000

Purchased subject to the existing mortgage

What made you interested in investing in this type of deal?

No banks and no credit needed

How did you finance this deal?

Sub to

What was the outcome?

Currently living in it, but will be STR in 1-2 years.

Lessons learned? Challenges?

Small issues with liquidated some other assets to fund the entry fee. The seller died shortly after the sale. Mortgage statements automatically sent to sellers new address when he put in his change of address with the post office.