Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

12
Posts
0
Votes
Amber Kushner
  • Atlanta, GA
0
Votes |
12
Posts

Subject To Deal Question? Atlanta,Georgia

Amber Kushner
  • Atlanta, GA
Posted

Hey everyone I need a little help,

I typically fix and flip houses in Atlanta and the surrounding areas of Atlanta. I would like to start doing subject to deals by taking over sellers mortgage payments, then either assign the contract for a fee. 

I'm going to be taking over a motivated seller mortgage payments soon, she owes about $150,000 ARV $375,000 her mortgage payments $1,200/mo, as of right now I have her on stand by I told her I'm going to evaluate this furthermore.

So question...

a) If I wanted to assign the contract to an investor is their some kinda way it can be done in a way that seller or buyer cant see the fee not sure if you can double close on a subject to

b) If I have a buyer who does not want to pay cash and wants to use traditional financing/bank loan, can this be done being that I'm on the deed in the land trust of my LLC ?

c) Do you have sample contracts where I can have an idea of disclosures etc ?

d) Has anyone done any of these deals personally? Do you have any subject to friendly attorneys referrals if not I'll just have to figure it out the just wanted some insight from real people

Thanks in advance :) 

Loading replies...