Refinancing a Subject To

[Tucker Cummings]

I’m taking over a property in Subject To form. It needs some light updates, but there is a ton of equity I want to capture through a cash out refinance.

Regarding a refinance on a sub2, are there any special conditions or is it straight forward like a normal refinance? Anything I should be aware of moving forward on this? Thanks!

[Mitch Messer]

Hey @Tucker Cummings, congratulations on your upcoming Sub2 deal!

Provided your Sub2 purchase closing is done complete with all the necessary paperwork (e.g. limited power-of-attorney between the sellers and you), refinancing should be no different than a normal refinance.

Sub2 can be heaven or hell, depending on the quality of your closing paperwork.