Is marketing to landlords for subject to and lease options good?

[Joshlee Ulysse]

I wanted to market to landlords about subject to, owner financing and lease options for their rental properties, is this still a good strategy, and where should i look to find them? What should i say?

[Account Closed]

Originally posted by @Joshlee Ulysse:

@Account Closed  I have not done any, i am new to investing, but i do like the subject to and lease option strategies, since my funds are limited, but my creativity is not.

Yes, Subject To works Great! When you know what you need to know and have plenty of access to cash & use title reports and escrow, have disclosures for both sides, are honest to the seller about what you are doing (in writing), record the deed, have proper insurance, and always pay the mortgage on time. If you aren't willing to do those things or can't do any one of these things don't try Subject To. It isn't a game. It isn't "zero down".

In the current climate, prosecutors get promoted for finding people who abuse mortgage law and take advantage of people. To that point, most mortgages are backed by the US Govt and most mortgages are paid by check through the mail or by electronic transfer which adds bank fraud to the charges (all of which involves the interest of the Feds.) When a mortgage isn't being paid, a report is prepared for "non performing assets" which gets reported and investigated. So, don't go there. Be trained properly and have plenty of cash or don't try this at home.