Hello Real Estate Partners – Here is my question:
Q: Recently I’ve heard a lot online about ‘subject-to’ deals. What are they?
Thanks, Chad S, Salem NH
A: Hi Chad,
“Subject To” investing, often referred to as “Sub 2” or “Sub-To,” means you pay the existing mortgage while it remains in the seller’s name and on original terms, but you take the title to the property. As with a traditional purchase, the seller moves out and you have complete ownership. The transfer is done through a title company. I specialize in these transactions – feel free to contact me to learn more and see if this is a strategy you’d like to use.
By Noli Peterson, Chief Technology Officer at Unlocked Home Project, and contributing ‘Expert’ Real Estate Partners.
Email: [email protected]
