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2 January 2025 | 1 reply
I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.
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11 January 2025 | 7 replies
You’re saying a primary home buyer won’t be able to buy it.
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5 January 2025 | 4 replies
Talk to residents, potential buyers and renters to see what their thoughts are regarding home values in the areas.
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25 January 2025 | 25 replies
@Andrew Steffens the pool of buyers that have six figures of cash (you really need about $150k in cash to buy a $500k STR), have some subject matter expertise, AND want to self manage is even smaller.
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6 January 2025 | 2 replies
It also will help you a lot to learn how to properly calculate ARV as your buyers will want to work with those wholesalers more than one who is just throwing properties at them.
13 January 2025 | 21 replies
@Jonathan Klemm that is great advice for first time buyers!
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7 January 2025 | 2 replies
With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well.
10 January 2025 | 5 replies
A 4-bed, 3-bath rambler with a large lot in a high-demand area is bound to attract buyers.
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5 January 2025 | 1 reply
I think it would give it a little bump in value but it all depends on the buyer.
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15 January 2025 | 34 replies
@Zachariah Prevost You stated that when a bank goes to sell the home loan to Fannie/Freddie or any other willing buyer for that matter, that they are stripping away the Mortgage/DOT from the note.