I am interested in proposing a subject to deal to an absent landlord who is listing through a Realtor.

Property located in 76513 Belton Tx.

$740 piti (seller is current)

$74000 payoff

$84000 mkt value

$8000 value of vacant lot that is surveyed in mortgage


Subject to existing mortga...

I will issue the lender a promissory note outlining the terms of the loan.

But the aggravation to the neighboring tenant is enormous I can tell.Also to add info for the subject, I do not have "guest stay" policy in the lease.

Definitely not a wholesale deal to be made here, but what about subject-to?

@Robert Taylor If it gives you any solace, our property tax rate is comparable to what you endure in Milwaukee, and our property prices are 2-3 times what you find on the western shore of Lake Michigan {@Dawn Anastasi has been subjected to my grousing about this before}... yet your rents are 75% of what we can expect for a similar offering.

Yes, it can be a confusing subject because there really is a lot to learn.My recommendation is to stay focused in your early investing - both with your strategy and with your location to invest.

Hello all, I stumbled across BP and haven't been able to stop reading everyone's and opinions regarding a new, but passionate investing subject I'd like to get started in - Real Estate.

Besides wholesaling you could Lease option or take over subject to and place a tenant/buyer in the property.Let's assume everything works out perfect.

It's important to note that one can have different criteria for different properties as long as it's consistent for a given property, subject to LL policy changes in a multi where those changes may have to be implemented over time as leases expire.You obviously don't have rental property in Texas.