Risk on Contract for Deed, Subject To, Assumables
I was studying material provided by Brian Gibbons last night on Money Section. I haven't finished reading yet, but noted the following questions while I was reading:
1. Is it practical to do Subject To on HOA Liens? I have found several in my area. Seems these could be distressed properties and worth reaching out to them to see if I can strike a deal? Thoughts?
2. What is the inherent risk on Subject To, Land Contracts, etc. of the seller wanting their property back after I have paid payments for a period of time? I'm assuming this risk is handled in the contracts? Am I on the right track?
I'm finding this material very interesting. I don't see deals structured with Subject To or Land Contracts in my area. I suspect because I haven't been close to REI and wouldn't know. My past dealing with REA's didn't expose me to these types of purchases.
The material is like a good book, I can't put it down now.
Would love the communities perspective.
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I'm glad you are finding the material interesting.
The key to success is a good attorney on your team, California is a complicated state.