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Updated over 9 years ago on . Most recent reply

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Westen Barnes
  • Real Estate Agent
  • Cassville, MO
1
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15
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Can you refinance subject to, to who's now on the deed

Westen Barnes
  • Real Estate Agent
  • Cassville, MO
Posted

if I wanted a property to hold and had the owner subject to the property to me but needed to be off the loan with in two years for other purposes but but the property makes for good money later but the Note is to high to buy, my question is in this situation is it better to just pass or is this a good if at all possible option?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

no equity sub too is a fools errand in a non appreciating market .. or a rental market that is not bullet proof.. you could =go negative cash flow in a hurry and you jeopardize the seller if you can't carry the property if the rent does not come in

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JLH Capital Partners

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