Thoughts and experiences with subject to deals?

[Paul Fagot]

Hey BP family!

I’ve been watching a lot of videos/ podcast and reading a lot about “Subject to” a lot of it has been Pace Morby and others. It has sorta caught my eye and want to start getting into that type of strategy!

Also With everything going on in the world right now I’ve been noticing a lot more people talking about it. Was curious to see what more people think?

If you have any thoughts or have any experience with doing deals “Subject to” I would love to hear your thoughts and stories! How’d you get started?

Does it have to be in Pre-Forclusure? What kind of contract do you use? Etc..

Thank you! :)

[Paul Fagot]

So my thoughts on it and the idea of everything go like this please let me know if I got anything wrong. 

I get a property with little to a lot of equity, all numbers make sense, and get it under contract (A contract that's approved by my attorney), go to the title company have them do what they do, I pay the owner some money/ expenses plus pay off the default amount (if there's a default amount) and have them move out, remodel it (if needed), if not then move someone in for a year or two, build more equity and collect the cash flow. (payments would not be missed because that's my responsibility and a promise I made the seller in the first place) I could either do a lease option as you said with a downpayment or sell it in the future? Are you even able to sell it? I don't think it would be a problem since, in the end, the lender would get their money back is that sound right or the general idea?