looking at a Subject To deal in Texas

[Marc Shin]

I've never done a Sub-To deal before. Anything i should be looking out for when doing a subject-to deal?  what are the main "gotcha" that I should be on the look out for?  

[Nicholas L.]

@Marc Shin

for your first deal / first few deals?  yes.  if you want something similar but lower risk, try to find something owned free and clear.  you're still entering into a long term relationship but with only one other party.  to sum up:

buy outright with a mortgage - you're in a long term relationship with a bank

buy on seller finance - you're in a long term relationship with the seller

buy on sub2 - you're in a long term relationship with the seller AND the bank

good sub2 and seller finance deals are very difficult to find.