Advice on How to Move a Subject-To Duplex Deal (Madison, WI)

[Jalen Greenlee]

Hey everyone,

I’m currently holding a duplex in Madison, WI that I’d like to move via Subject-To, and I’m looking for some advice from those of you who have done similar deals.

Here’s the quick overview of the situation:

• 3 bed / 1 bath lower | 2 bed / 1 bath upper

• ~2,277 sq ft | Built in 1946

• I am currently ending the leases on both units so I can move it easier

• Loan: 30-year FHA @ 5.75% with about 352 months remaining

• Current balance around $389K

• Monthly PITI + MI is roughly $2,936

• Total expenses around $3,500/month

• Rents bring in $3,600/month

It’s cash-flowing slightly and sitting in a stable rental area on Madison’s north side.

Would love any suggestions on ways to go about this