All Forum Posts by: Tony Marcelle

@Account Closed Now that you mentioned that, I was concerned about that one. Like I said, I am new to this subject to strategy and wanted to see what my options were. 

@Ryan E. I don't know how I am going to be protected to be honest. That's why I was looking for some inputinput from those who are more familiar with the pros and con's of sub2 investing. There seems to be more con's than pros, so I will pass on doing sub2. I was feeling iffy about it at first. That, and I don't have to worry whether or not the tenant will pay the sellers mortgage.

@Brent Coombs Good point. I need some cash flow coming in, and I am just seeing what is my best option since subject to may not be the best way to go. It was a choice between subject to, lease options, or just using private lender funds to invest in properties that are already cash flowing with tenant occupied homes. Wholesaling doesn't seem to be working out like most investor gurus hyped it up to be.

@Jason Krick Thanks for bringing that up. How can I protect myself from dealing with tenants who may stop paying their rent? By the way, can section 8 tenants be placed in the home using the subject to strategy? I am looking for an exit strategy that works best with subject to.

I am new to subject to investing. Like most people, my BIGGEST fears are the due on sale clause. Here is the other thing that bothers me. If the tenant buyer defaults on making payments in the subject to deal, then what? I am still on the hook to pay the sellers debt with or without the tenant buyer being involved. That's where my trouble come in this situation because my faith and trust is in the hands of the tenant buyer or buyer if I find one. That, and I don't want to be sued by the seller, which I heard can happen if I do not keep up my end of the bargain by paying their mortgage via tenant buyer. What is the best exit strategy for subject to? And, who should I target for subject to deals? Thanks in advance.

How to use a straight option to purchase contract and can I use a regular assignment contract to assign the straight option to purchase agreement? I saw an assignment of option to purchase agreement in the file place located under the resources. Would I have to use that contract specifically when assigning the option to purchase contract or can I use a regular assignment contract? I would also like to know who would be my best targets when I am using the straight option to purchase agreements. For anyone that has done this strategy, explain how I should structure my offer price with the seller and my assignment fee to the end buyer. This is somewhat similar to assigning a wholesale deal. Is it? Oh and one more thing. Do I have to get the contracts notarized. If so, I can do that for free at my bank. Thanks.