Does the owner staying in the home on SubTo create issues with renter / squatters rights, especially if the loan is in their name and they dont pay you??? 🤔
Yes, Big time.. Especially in the state of Florida…Be very careful because u will lose 60-70% of time if u have a real dispute (they took advantage of me)type situations…they seem NICE but after they get what they want …
I always thought it was a red flag in a subto deal to rent back to the seller? Down the line they can feel entitled to the house and who knows what they'll do......or they stop paying especially since they got themselves in a bad financial situation in the first place
This is a great training video. But Im confused. If they couldn't afford the mortgage, how can they stay in the house? Wouldn't the rent have to be higher in order for the deal to cash flow?
This sounds pretty interesting. As a newbie real estate investor it was suggested not to attempt subject to or creative financing deals, but rather stick on market deals. What are your thoughts on this?
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This is awesome, is it possible to get a copy of the contract?
Amazing story Landon! Niche community is such a blessing. Thank you Michael for always helping. 😇
Amazing video. Thank you for this info, Michael❤
This video was amazing! Thank you
Does the owner staying in the home on SubTo create issues with renter / squatters rights, especially if the loan is in their name and they dont pay you??? 🤔
Good question.
following
Yes, Big time.. Especially in the state of Florida…Be very careful because u will lose 60-70% of time if u have a real dispute (they took advantage of me)type situations…they seem NICE but after they get what they want …
@@geraldlofton I'm curious to hear Michael's input on this.
@@AberrantArt me too
How do you handle insurance? Do you have a video that breaks down everything with the insurance?
What happens to there equity in the house when you do this ?
I always thought it was a red flag in a subto deal to rent back to the seller? Down the line they can feel entitled to the house and who knows what they'll do......or they stop paying especially since they got themselves in a bad financial situation in the first place
This is a great training video. But Im confused. If they couldn't afford the mortgage, how can they stay in the house? Wouldn't the rent have to be higher in order for the deal to cash flow?
This sounds pretty interesting. As a newbie real estate investor it was suggested not to attempt subject to or creative financing deals, but rather stick on market deals. What are your thoughts on this?
Need the story about the 180k assignment 😂
Would we be able to get a hold of these contracts from you?
How does a second mortgage work? I apologize of this is a stupid question..
Could be a heloc, for example. Other things can get in the way too, such as solar or down payment assistance programs. :)