Advice on How to Move a Subject-To Duplex Deal (Madison, WI)
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:
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3 bed / 1 bath lower | 2 bed / 1 bath upper
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~2,277 sq ft | Built in 1946
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I am currently ending the leases on both units so I can move it easier
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Loan: 30-year FHA @ 5.75% with about 352 months remaining
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Current balance around $389K
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Monthly PITI + MI is roughly $2,936
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Total expenses around $3,500/month
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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