Contracts for Subject-To Deals in California

Contracts for Subject-To Deals in California

Lender · Los Angeles, CA · Member since 2015 · 278 posts · 78 votes

How do you structure Subject-To Deals in California for multifamily?

What contracts do you use between you and the property owner? 

And between you and the sub-lessee(s)? 

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  • Rental Property Investor · Jersey City, NJ · Member since 2018 · 176 posts · 80 votes
    5y

    Subject to means you take over the payment on the underlying mortgage and the seller walks away and leaves the mortgage in place regardless what state you’re in. 

    You just use the regular PSA with subject to addendum and disclosures to buy. When you sell you sell on contract for deed, or lease option. 

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