Specialize in subject to?

[Josh Morris]

Has anyone on here ever specialize in subject to? Would it be a good strategy to take over mortgages of overs instead of owner to finance? Also when/If you specialized in this way of buying real estate for long term, what was your way of sourcing leads? I thought of making the yellow letters for people and just taking over mortgages, but it seems like a old and ineffective method for my market. Thanks. ☺️🙏

[Rick Pozos]

Any way of purchasing real estate will seem ineffective if you dont do it. You have to start marketing for those types of deals. OR just start marketing in general. Get the phone ringing and ask everyone that you talk with, "Well Mr. Seller, I might be able to take over your mortgage, get you some cash and get you on your way, how does that sound?".

Personally, I dont market to try to find subject-to situations, but they come up every so often. I am just trying to find deals. Almost every seller wants cash to clear out their situation, but I give everyone several offers. One of them is if I have to come up with all cash (which means I have to come up with private money or a partner) or some sort of sub-to or owner financing or something where I can get their equity at a discount.

Start doing some sort of marketing or you will not get any leads at all.