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

[Ruth S.]

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!

[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.