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All Forum Posts by: Nicholas Reynolds

Nicholas Reynolds has started 1 posts and replied 2 times.

Post: Assuming payments on "Subject to" property.

Nicholas ReynoldsPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 2
  • Votes 0

@Joel B.

Thank you very much for the detailed response! I'm trying to ensure I have all the details right to set me up for a successful business. I'm not starting out with very much to invest, so I want to be as efficient as possible.

Post: Assuming payments on "Subject to" property.

Nicholas ReynoldsPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 2
  • Votes 0

I'm new to investing, and want to start my journey with acquiring properties with the "subject to" method, and owner financing. I want to use the cashflow from these to start acquiring more properties.

My question is about subject to specifically. I apologize if this seems super basic to everyone else, I just want to ensure I do this right. When you take over the payments on the property, how exactly do you set that up? Do you get their mortgage log in info, change the password, and set up the payments to come out of your account? Is there a better more productive way to do it that won't activate the Due on Sale clause? And how do you get emails or info on the mortgage if it is all under the loan holders email?

Thanks for your time!