All Forum Posts by: Drew Wiard

Welcome tot he Fort @Emily Baker.  If I can help at all don't hesitate to hit me up.  Like @Jeremy Tillotson, I'm very active in the area, but always happy to network and help the new folks!

NICE.

Have an email address?

@Jeremy Tillotson - of the title Co's here in town, who do you think is most inclined to be able to wrap their head around this and be able to help?

Right - Totally agree. I've done these type of deals as well. Never a Sub2 though.

So @Jeremy Tillotson - You've done Sub2 deals?

 I have had the buyer on the hook for a while.  Just been looking for the right property.  Finally found it.

Hey BP nation.  Question for you...

At this point, I have done several RE deals.  However, never done a Subject To.....just never had a case that necessitated it.  Well I have found one, but need your help.

Owner has roughly 10k equity in the property that has an ARV of roughly $140k, and needs little to no repairs. There's not much meat on these bones, but they have a 30 year loan fixed at 3.5%. I already have a buyer who wants to buy the home on Land Contract for $150k @ 7.5% over 15 years w/ a $20k down payment, ready to move in the moment I buy said property.

The question isn't whether or not to do the deal.  I'm in.  The question is how.  The steps.  The paperwork, etc...  I have done Land Contracts several times, so I have that piece down.  I need any insight the group can offer on the Subject To steps.

I plan to hit forums in a moment, but any ideas, suggestions, links to other articles, etc... would be GREATLY appreciated!  Thanks!

Yep - There generally speaking, two groups that seem to meet. The formal REIA meetnigs and those that @Jeremy Tillotsonhas been setting up.

NICE.  You're a braver man than I, but well done!

Thx @Jerry W.!

Hey @Robyn J. - Happy to share a contact.  Have a great guy.  PM if you still need said info.