If you find a REAL deal try approaching them to see how they react but don’t be disappointed if they tell you no, find out why they said no and learn from it.

Luckily he was in AA by this time and still approachable and amenable to doing this.

I've looked at a variety of REI strategies to supplement my standard Down Payment/Finance/Buy & Hold approach -- from mobile homes to foreclosures to wholesaling -- and I'm now considering Subject To.It's clear, from reading MANY articles on the topic, that it's somewhat controversial and borderline ethical at best.

New development is rapidly approaching from Downtown, while other nearby neighborhoods with similar 1920-1930 homes are being lovingly restored.

It was an incredible experience I wouldn't change for the world.

gordo,Once again thanks for your information I certainly can approach more deals knowing I don't have to go to the table with closing costs on these types of deals.

If that happens, the other party keeps the option premium you paid them and keeps their land also.Remember, with any "derivative" instrument, you are using an incredible amount of leverage, but time is your enemy.

Good to know I am in great company with approaching a deal any way it will work.Robin

If the tenant IS on a month-to-month, or approaching the end of a longer term agreement, you JUST state that they will not be renewed.

I fully accept this approach works, if the numbers really do support it.