Subject to is very new to me and very enticing.

He sought a bank loan that covered his remodeling plus his mortgage so my guess is he's eaten up his profit holding this house for 6 months.

What this will do obviously is get our house off the books as the rent will cover the mortgage, taxes and insurance for the 6 months, then at the end of the 6 months when he gets back they will supposedly buy the house.What flaws do some of you more seasoned investors see in this.

If you are doing a subject-to the numbers are different.

Unfortunately, if you have to shoot someone, the criminal will not only have holes in him, he'll be covered with lipstick, loose change, fingernail files, and whatever else women carry in their purses these days!!!

You get a quicker sale because the buyer can literally visualize EXACTLY how the house will look.You'll find REALLY cheap and Nice stuff on Craigslist.com & your price can cover the costs.

That is why you either don't ever deal with financing and do lease options, subject-to, wholesaling........or you get the loan in your own name and then put it into your LLC 60 days later.

While we're on the subject, I can think of a few alternate outcomes that might occur, might as well explore them, basic as they might seem 1. lets say we've got that same situation, somebody owes close to the full amount on a mortgage on a 300k house. let's say they owe 275k still.

Learn how to do subject-to and lease options when buying rental properties.

Along with that the developer will provide guaranteed rental to cover mortgage for additional 2 years.