All Forum Posts by: Jeff Groudan

I agree with mike, if the transaction is uncontested, then a real estate lawyer or title company (depending on your state) can easily draft up a new deed or deed in lieu to transfer ownership back to you.    I assume you get to keep whatever downpayment you were paid at the time of the original transaction?

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I agree with Mike - I think it depends on the exit strategy.

It feels very tight for a flip, even using Subject-To to finance it.

It might be a good rental  or seller financed opportunity.   If we find a property we can get subject-to, with not to much out-of-pocket, the next question we ask is whether the neighborhood is appreciating.

-  We like to hold properties in high appreciation neighborhoods so for these we like to rent them so we can capture the appreciation over time.

- For low appreciation neighborhoods, we like Seller Financing.   Try to get a $10K-$20K  down and then see if you can get an interest rate a few points higher than the Subject-To loan interest rate.

I agree with Mitch also, Sub-To's have nuances so get some help if you've not done them before, particularly around how to deal with the underlying mortgage provider as  well as insuring the property.