Archive
Subject-to deals Subject-to seems to be the new buzz-word circling through many of the real estate investor teaching arenas. That’s because in our current market, subject-to deals present a great opportunity. Before I get into that, let me explain what one is. A subject-to deal is where you buy a house from someone with a mortgage in place. Instead of getting your own loan to pay...
Expenses Escaped Ashley and I have been blessed to have Peter Fortunato as one of our main teachers since we got into real estate investing. When it comes to creative real estate transactions, Pete is like one of those guys that does chainsaw wood carving. He walks up to something that looks like a stump to everyone standing around, cranks up his creative chainsaw mind and begins...
We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down. They already owned a vehicle capable of pulling the camper, but something went wrong with it a week before...
I got a call from a newer investor recently, and he was about to do his first subject-to deal. That’s where you buy a house and leave the seller’s mortgage in place after closing. You then make payments on that mortgage until you either pay it off, refinance the house or sell the property. The investor was looking for some guidance on how to set up and properly use a land trust,...
The two main obstacles most beginner investors experience are “Where do I find a deal?” and “How do I pay for it?” This situation feels a lot like the age-old question, “What comes first — the chicken or the egg?” In order to buy a house, you need to secure funds to pay for it. But in order to secure those funds, you need to have a deal under contract to present to your lender....