Subject To your availability, learn all about Subject To Deals!
It's creative finance time! We'll go super in depth on subject to deals: what they are, how they work, benefits, why now is the time to learn how to structure them, and so much more!
Subject To your availability, learn all about Subject To Deals!
Question: What does it mean to buy a property "subject to the existing mortgage"?
If this is your answer: There are some words in the picture, but they don't make sense. Then the October TRIG meeting is perfect for you! We'll go super in-depth on subject-to deals: what they are, how they work, benefits, why now is the time to learn how to structure them, and so much more!
Here's a hard real estate truth: If you're not getting creative with your financing then you're doing it wrong!
Granted, not every deal or purchase makes sense for creative financing, sometimes it's perfectly reasonable to stay within the traditional buy and sell model. But what happens when you start losing opportunities because you won't step outside that box? Getting flexible and creative with your purchase options opens so many more doors! A deal may not work if you have to pay all at once, but what if you can use the existing mortgage as a bridge loan? Or take over payments? The possibilities are endless!
So, subject to your availability, join us to learn all the things about subject to deals!
We're all a little scared of the unknown, and first time subject to buyers and sellers are too!
There are so many what ifs involved. What if they don't make the payments? What if something happens to the house? What if the seller goes into debt? Etc, etc, etc. Want to demystify this topic and have some (or all) of those questions answered?
Do you qualify to attend our next meeting?
You joining us at our next event is subject to the following:
🗝️ your availability
🗝️ your interest in diversifying your portfolio
🗝️ your willingness to learn new investment strategies
🗝️ your ability to listen to our experts for an hour and a half
🗝️ your thirst for knowledge (and drinks of course)
Nothing else to say except, be there or be square!
Traditional v Creative Financing
Let's talk about the differences between buying a house subject to the existing mortgage and going the traditional route to get a new loan.
🏠 Sub To is faster since you don't have to go through the qualification process for the loan.
🏠 Interest rates will probably be lower for Sub To loans, especially if they were originated in the last 10 years or so.
🏠 When buying Sub To, the closing costs are significantly cheaper, and you probably don't have to bring a down payment, or the down payment will be pretty small.
These are just a few of the reasons to buy a house Subject To the Existing Mortgage. If you want more info, click the link below to purchase your ticket or pre-register for this month's meeting!