What are the steps to acquiring a property subject-to?

What are the steps to acquiring a property subject-to?

Investor · Member since 2023 · 26 posts · 12 votes

Let's say a seller is willing to take a subject to offer on their property. What would be all the information I need to gather from them before moving forward with the purchase agreement? What are the documents that we both will need to sign? What are my next steps?

I'm basically hoping someone can help with explaining the process and paperwork from A-Z. Thank you!

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Morris County, NJ · Member since 2020 · 5k+ posts · 2k+ votes
2y

@Ruth S.

I found @Wendy Patton 's book, Investing in real estate with Lease Options and subject-to Deals, extremely informative.  It was highly recommended on a BP thread many years ago.

I don't do subject-to's, but just be careful.  There are plenty of pitfalls to them.  So, those risks need to be managed well, which is the main reason why I don't do them.

Good luck.

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  • Wendy PattonBusiness Member
    Real Estate Consultant · Clarkston, MI · Member since 2009 · 864 posts · 350 votes
    2y

    Hi Ruth,

    I have some free resources on Subject-Tos on my website WendyPatton.com and on my YouTube channel. I'm also available via DM if you have any questions. :-)

    Michigan Real Estate Investors539 Reviews
  • Morris County, NJ · Member since 2020 · 5k+ posts · 2k+ votes
    2y

    @Ruth S.

    I found @Wendy Patton 's book, Investing in real estate with Lease Options and subject-to Deals, extremely informative.  It was highly recommended on a BP thread many years ago.

    I don't do subject-to's, but just be careful.  There are plenty of pitfalls to them.  So, those risks need to be managed well, which is the main reason why I don't do them.

    Good luck.

  • Wendy PattonBusiness Member
    Real Estate Consultant · Clarkston, MI · Member since 2009 · 864 posts · 350 votes
    2y
    Quote from @David M.:

    @Ruth S.

    I found @Wendy Patton 's book, Investing in real estate with Lease Options and subject-to Deals, extremely informative.  It was highly recommended on a BP thread many years ago.

    I don't do subject-to's, but just be careful.  There are plenty of pitfalls to them.  So, those risks need to be managed well, which is the main reason why I don't do them.

    Good luck.


     Hi David! Thank you so much!! I actually updated my book last year so there is an even more current one available. :-)

    Agreed, it's important to go in to Subject-Tos prepared. Best of luck, Ruth!

    Michigan Real Estate Investors539 Reviews
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