What is a SubTo deal?

If you're unsure what the difference is between seller finance and subject to, subject to (Subto) basically means that when you buy the property, you pay for the remaining loan or mortgage payments. This is something that should be considered as part of your entry fee when you purchase anything with creative finance.

What is a sub 2 deal?

In a subject to, sometimes called a subject 2 deal, the existing financing that a homeowner has setup is taken over by an investor. This route is basically paying for the mortgage already in place through an agreement with a homeowner.

How do subjects deal with work?

A subject to real estate deal is when you buy or sell a property with an existing mortgage. Under a subject to deal, the buyer takes over the property, but the seller retains the mortgage. The buyer makes mortgage payments for the seller, and the lender is not informed that the property has been transferred.

What is Subto creative financing?

Subto is a six week course on creative financing and subject-to investing. Each week of the course is dedicated to a vital part of creating your business.

What is subject to pace Morby?

The way I understand it, subject-to is when you work out a deal with the seller where you take the title to their property and make the mortgage payments on their behalf. Nothing changes with the loan. It remains in their name. So you're buying the home subject to the original financing.

Max Maxwell Live | EXACTLY HOW TO DO SUB TO DEALS | Wholesaling Real Estate

What is Subto in real estate?

So how is it that my company was able to come in, solve his problems, and purchase this house when no. one else could? The answer is creative financing, and on this property. more specifically, subject to (we call it subto for short).

How much money does Pace Morby make?

Triple Digit Flip on A&E with Pace Morby and Jamil Damji is all about making $100,000 or more on fix and flip projects.

How does creative finance work?

In real estate, creative financing is non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/investor using as little of his own money as possible, otherwise known as leveraging.

How does creative financing work?

In this method of real estate creative financing, the seller of a property agrees to hold on to the note of purchase. You then pay them a monthly payment until the note is paid off.

What is creative real estate investing?

Creative real estate investing is any investing strategy of financing that is different from traditional methods. These strategies can be a great way to invest in real estate when traditional options won't work. To take your real estate investing to the next level, these creative strategies may be just what you need.

What is a Brrrr property?

If you're interested in residential real estate investing, you may have heard of the BRRRR method. The acronym stands for Buy, Rehab, Rent, Refinance, Repeat. Similar to house-flipping, this investment strategy focuses on purchasing properties that are not in good shape and fixing them up.

How do real estate subjects make money?

How do you structure a seller financing deal?

What is a creative lender?

A real estate agent whose client doesn't have the best credit—or an appraiser who wants to facilitate the transaction if the appraisal comes in low—can present the prospective home-buyer with various creative ways to finance the purchase. “Creative lending” might include any of several innovative products and services.

What does Driving for Dollars mean?

Driving for dollars is the term that real estate investors use to describe the act of driving around specific neighborhoods with the goal of finding off-market properties that competitors haven't noticed.

How does asset-based financing work?

Asset-based finance is a specialized method of providing companies with working capital and term loans that use accounts receivable, inventory, machinery, equipment, or real estate as collateral. It is essentially any loan to a company that is secured by one of the company's assets.

What is seller financing in real estate?

In seller financing, the seller takes on the role of the lender. Instead of giving cash to the buyer, the seller extends enough credit to the buyer for the purchase price of the home, minus any down payment. The buyer and seller sign a promissory note (which contains the terms of the loan).

Can you be creative in finance?

Unfortunately, creativity is currently lacking from the majority of corporate finance teams. In a Robert Half survey, just a third of CFOs said they believe their team-members are “very innovative”.

What is a subject to mortgage?

A subject to mortgage is, as its name suggests, a mortgage that is subject to an existing mortgage. In other words, the seller in a subject to deal isn't paying off their current mortgage, but rather having the new buyer pay off their existing obligations.

Why would a seller subject to?

The term "Subject To" is often used in reference to a property that is sold subject to an existing loan. The seller's existing mortgage remains in place after the property is sold, while the new buyer continues making payments for the remaining life of the loan. REtipster does not provide legal advice.

What does subject to replacement property mean?

Replacement property refers to the assets paid by an insurance company when insured assets are lost or destroyed. The insurer will attempt to replicate the original asset as closely as possible, though in practice, approximations must often be used.

How do beginners make money in real estate?

How can I get rich in real estate with no money?