Subject to - Buy/Hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $271,751
Cash invested: $30,000
Purchased subject to the existing mortgage
What made you interested in investing in this type of deal?
No banks and no credit needed
How did you finance this deal?
Sub to
What was the outcome?
Currently living in it, but will be STR in 1-2 years.
Lessons learned? Challenges?
Small issues with liquidated some other assets to fund the entry fee. The seller died shortly after the sale. Mortgage statements automatically sent to sellers new address when he put in his change of address with the post office.
