Selling a “subject to” property
I have been reading about acquiring property via “subject to” deals. Now I understand the concept of taking ownership of the property but how do you go about selling it? How does the whole closing process work with an end buyer when you have the property subject to with the original owner? That’s confusing to me. It’s about as confusing as a sandwich lease option and trying to double close. I love the concept of selling using a lease option but I’m not real sure about a sandwich option and being caught up in the middle come closing time. Same way about the subject to deal. Would I not have to pay off the existing mortgage with the seller before I could sell it to a buyer? Or is there some type of double close strategy for subject to deals I haven’t heard of? All of these no money strategies seem neat until closing time rolls around then it all gets confusing.