Subject to financing is a strategy commonly used in real estate wholesaling. It involves purchasing a property “subject to” the existing financing or mortgage already in place. In this scenario, the buyer takes over the responsibility of making the mortgage payments, but the loan remains in the original homeowner’s name.
In real estate wholesaling, being in subject-to financing can be an effective way to acquire properties without the need for traditional financing, such as a mortgage loan. In this episode, Todd Toback will give you a step-by-step overview of how subject-to financing works and how you can utilize it to make wealth-BUSTING deals!
———-
Show notes:
- (1:17) Beginning of today’s episode.
- (6:47) The beauty of the subject-to financing strategy and how to build your net worth with it.
- (10:52) Todd’s four ways for you to get money are: Amortization, Appreciation, Depreciation and Cash Flow.
- (15:48) Todd explains why the majority of the US population is not credit-conscious.
- (17:04) If you’re not willing to pay, this deal isn’t for you.
- (17:55) Todd explains the “do-on-sale” calls.
- (19:18) Ask your attorney first if this strategy is the best for you.
———-
Resources:
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other “success minded” Rhinos in the community.
It’s 100% free to join. The opportunities in this community are endless, what are you waiting for?
