I am a SCREA and at times Multi-Family appraisals could be subjective due to market cap rates, rents etc.

It included a nice home and other buildings it was 20 acres smack dab in the middle of their 500 acre retreat.Well like a couple of bozo's my dad and I are so excited we drive right up there after the sale and some how let it out that we bought it.they lawyer up and they sue to stop the sale.. they claimed they were exempt from paying tax's like churchs are .. but they bough this property subject too tax's and never paid the back tax's so while they did not owe when they owned it the tax's were for previous owner..

Is it wise or even legal to hold a subject to property for an extended period of time? 

Lol (I am making that, and more, on my investments - the secret is that I don't have to worry about getting a bank's approval to do the deal since I buy off market, Subject To and this frees me up to do deals I wouldn't otherwise be able to do ;-)

If you have any wisdom on the subject Id love to hear it.Thanks in Advance

The person who started this thread referenced wanting to do wholesaling in addition to subject to and such so i thought it a good suggestion from my exp.Our main LLC is taxed as an S corp and all the many many sub llcs are pass throughs.

When you are looking to buy a home via owner finance you want to target homes with no mortgage on them as the sale can activate the due on sale clause.Also look up the term "Subject to" as that has to do with the seller keeping an existing mortgage but selling you the home.

I am interested in wholesaling, creative financing, subject to, rentals, lease to own, probate, assignments, and double closing.  

And these requirements change sometimes and could be subject to what are called "overlays" by the individual banks (i.e. the bank can have their own limitations on what they want/need).

Hi Nicholas,I think that is a very subjective question.