Subject to purchase and rental. basic documents needed.

[Troy Michaels]

Hi. im interested in buying property subject to and holding them as rentals. in this situation, besides the normal purchase agreement, power of attorney, authorization letter,etc. what other documents do i need? ive researched the forum, and wanted updated advice on dislosures i should also give the seller. if i research the title, should i STILL get a title company? ( title insurance,etc.) since im holding the property and have no intent to sell? thanx

[Jon Holdman]

Title insurance is always a good idea, even on a subject to deal. Like the deed it will have an exclusion for the loan you're leaving in place.

Have a plan B in place in case the loan is called.