All Forum Posts by: Luther A.

Consider the seller is selling their property "subject to" and they are 12K behind on the mortgage payments. I want to buy it. I have no money to reinstate the loan. It is in foreclosure. My exit strategy is to use seller financing to a potential buyer. Are there any strategies to handle pass due mortgage payments?

Is it now illegal to do subject to deals in Texas?

Are there any real estate attorneys in Dallas that can handle "subject to" and seller financing deals? 

I have a high interest rate on my primary house. I am looking to refinance then rent it out to someone. Would the mortgage company allow me to do that?

I am a new investor in Dallas TX. I would like to acquire properties through "Subject To" then sell them at a higher price with seller financing. Do you know what forms I need for Subject To, Seller Financing. Is there a list of all the forms I need to make a deal like this happen?

The vast majority of subject-to deals the PITI is higher than the rent. if this is the case how can anyone ever profit from these deals? if you setup a rent-to-own for a buyer then they are going to buy the property then you'll lose the house. how can you win long term with these deals?

According to this video: 

https://www.youtube.com/watch?v=yKg5ca8Em30

This guy converted a pre-foreclosure owner into a paying tenant. How would the numbers work on this? From my experience the mortgage is usually higher than rent. If you subtract Repairs, vacancies, property management there is not going to be much left. May even go into negative cash flow. Would you guys know how to make "subject to" deals into rentals. I just dont see how this would work.

What are your numbers. Purchase price, rehab costs, rental income?

I am looking for the most comprehensive resources on wholesaling real estate free or paid. Something that will hold my hand all the way through closing. As you can see I am a total newbie. Thanks

Is it possible to rent to own a house that is in bad condition cosmetically. There are no major issues but kitchen really needs update and needs carpet.