Hi all, I'm looking at a Subject To deal at the moment in TX and one question I have is whether or not you typically need to change the home insurance policy when the property is subsequently occupied by someone who has a rental agreement and lease option.

Read those posts, stimulate your awareness, ask some specific questions, and we will be glad to answer and share our experiences to help you get started.

A typical 30K house can often be closed with less than 5K out of pocket(down payment and closing costs).

Obviously, if it is on the Market, contact the sales rep/agent.I hope this begins to help you get a better picture of how you may want to approach the Westchester Market, but do not give up---however, make sure your asking price is within the typical price range of properties bought and sold in Westchester County.

My typical wholesale deal is between 30 and 40k with a rehab between 4 and 8k and an ARV of 60 - 70k.

Ten years ago I was flipping tax liens which was not your typical deal and was making a lot of money at it.

I also have a good deal of experience in loan closings, most of which have typically occured in the borrower(s) home.

The direct subway stations areas haven"t changed much but the city has put forward a plan to stimulate construction of some 900 units at one of the stations, and the other one has about 700 units wich will be developped next yearNow the city is starting to build a new City of Knowledge" wich is basically going to be University campuses and Education facilities for a few blocks, and all that is beeing built about 500 meters from my building.

The whole transaction is handled by a title company, and they do the recording.There's typically also a promissory note and that is not recorded.

They're usually only for a short time period, typically six months.