I have a friend who desperately wants to sell his house. He has moved out of town and is still paying the mortgage on the property. It got me thinking about ways to help.Home value is around 180K. Mortgage balance is ...
I have a seller with a well maintained 3/2 house with no A/C in a C neighborhood. Seller has very little equity. 52K mortgage on a house worth 60K. The seller is older and wants to downsize and move to a duplex. She o...
Hello all,After doing a ton of research, it seems to me that real estate investing gurus and their "subject to" teachings are going to turn good people (ignorant people) into felons. Just because someone is ignorant,...
Our house is paid off and we have some cash in hand. We are looking at local properties in rural texas in a low crime, low unemployment and high growth area. I'll be honest the length of my experience is being the onl...
I've been reading posts on subject to transactions and their risks. I haven't seen anyone talk about liens. I have to assume that you need to do a title search and get title insurance when the owner signs the dee...
Can someone confirm or deny whether or not 75% of the potential rent roll of a multi family has to be able to cover the all in cost of a multi family when securing and FHA? I’m finding multi family properties but then...
or just any secondary loan. How does the lender benefit from a 2nd mortgage? A higher interest rate? Is that it? From what I understand with a subordinate mortgage there is no room for any collateral for any loan ...
Hello! I have come across a subject deal. They are asking $15K + Subject Deal ($58K + $310 per month interest). I am trying to finance via Hard money and around $30K-$40K in rehab. Do I add the $15K to $30K-$40K rehab...
Anyone in St. Louis doing subject to deals? If so I'd like to buy you a cup of coffee and discuss it with you. seems like a very interesting and potentially profitable niche.
I buy a lot of subject to deals. Can I use private funds creatively? Do you have any recommendations?