All Forum Posts by: Timothy Altman

Quote from @Pat Heidingsfelder:

You'll definitely want to spend a serious amount of time with the seller. Obviously, this is a big ask of a stranger. You need to get them on your side, show them the value of a subto deal for THEM not you. They will need to know, like and trust you to the highest degree.  Try thinking of the situation in their shoes, why would you let Timothy have this house for free and keep the mortgage in your name?

Where in Mississippi are you?

I am in Meridian. My dad knows the owner as he does landscaping for some of his properties. So, that’s a plus that I’m not a complete stranger but none the less still a stranger (I’ve never met the owner but met his property manager when I was home for Christmas last year) 

Hello Community, 

I'm seeking advice on how to approach an investor in my hometown who's looking to sell a list of properties, some of which are near one I already own. However, the investor owes more on the mortgage than the properties are currently worth. I believe creative financing, specifically subject-to, could be the solution. Any tips on how to present this to the seller? This would be my first subto deal.

Also, I'd appreciate any recommendations for title companies and transaction coordinators experienced with subto deals in Mississippi.

Thanks!

Thanks Wilson Lau and Chad Hale for reaching out!

Thanks Zeke Liston and James Wise for the words of caution, I will be sure to not jump in too soon. Im currently stuck in my current lease until October/November so I will take this time to do additional research and decide what I should do next. 

I’ve only lived here for about 1.5 years so do provide more details hahaha. 

Hello Bigger Pockets Bay Area Community,

I'm excited to embark on my "house hacking" journey here in San Jose! As a novice real estate investor with one rental property out of state, l'm eager to explore opportunities closer to home.

My plan involves "house hacking" by seeking out properties with ADUs or detached structures that can be converted into ADUs. To facilitate this, I may need to secure an FHA 203k loan for the ADU conversion process.

Since I'm a single individual, my strategy involves residing in the ADU while renting out the main home- whether it's room by room or as a whole —to other tenants. To navigate this process successfully, I'm on the lookout for investor-friendly real estate agents who can provide valuable guidance and support.

Im interested in move in ready, fixer uppers, multi-family, or sub-to/creative financing deals.

With my current lease expiring in October, l'm aiming to make a purchase around October or November. I'm eager to connect with experienced professionals who can help me realize my goals.

Let's discuss further and explore the possibilities together.

Looking forward to connecting!

Best regards,

Timothy