Hello,Trying to figure out how to take down this deal and I'm looking at a Subject to plan.

I just listened to Podcast # 48 and they broached this subject with respect to NJ.My question to experienced SoCal duplex/multi unit owners - Will the Socal water company install a separate water meter for the second unit and if so is this a matter of a simple phone call to request this?

Does anyone have a recommendation for a Real Estate Attorney and Title company that are familiar with Subject To deals in the East Texas area?

I have also read "Investing in Real Estate With Lease Options and "Subject-To" Deals: Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy" by Wendy Patton.

My question is: I talked to an attorney in Ohio about doing a "subject-to" deal and was told A) There is no 'subject-to' in Ohio, B)It would have to be a land contract but the rules are different because of the exsisting mortgages and C) That I HAVE to use an attorney for EVERYTHING or risk getting in trouble for practicing real estate without a license.

I've been reading this forum for weeks now.What happens on a sub2 ( subject to ), say, 5 years down the road, the seller is over it, their issue that prompted them to sub2 has cleared up, and they want to buy another house, but cant, due to the loan on the property that you bought?

When the rubber meets the road they owner gets real money establishing a true equitable interest that I can hold feet to the fire if they change their mind (at least to the extent of getting funds back to the buyer of motivating them to sell).BTW, options do not "tie up" a property, any property can be sold subject to that option being taken.

I only just discovered Subject To transactions on one of the podcasts the other day and it seems like a great way to amass a few properties in my area to manage as rentals.

Prequalified=taken off the applicant's information, not processed or verified but if they are close to correct they can tell you what to shop for.Preapproved=application taken and verified, amount is given they are qualified for subject to property and appraisal.

@Junior Salters check out this podcast - they talk all about ithttp://www.biggerpockets.com/renewsblog/2014/05/15/bp-podcast-070-subject-to-grant-kemp/