Introduction
Subject-to deals are an innovative real estate investment strategy that allows investors to acquire properties without securing new financing. This method involves taking over the existing mortgage payments while gaining ownership of the property. At Rapid Close Realty, we have extensive experience in subject-to deals and can guide you through the process to maximize your investment returns.
Interview with an Expert: Gary from Rapid Close Realty
We sat down with Gary, the founder of Rapid Close Realty, to discuss the benefits and strategies of subject-to deals.
Q: What exactly is a subject-to deal?
Gary: A subject-to deal involves purchasing a property while taking over the existing mortgage payments. The original mortgage remains in the seller’s name, but the buyer gains ownership and agrees to continue the payments.
Q: What are the advantages of this strategy?
Gary: There are several benefits. First, you avoid the hassle of securing new financing. Second, it’s a faster process since there’s no waiting for loan approvals. Third, you can leverage existing low-interest rates, which can significantly increase your profitability.
Q: How does one get started with subject-to deals?
Gary: Start by finding motivated sellers who need to sell quickly. Then, conduct due diligence to understand the mortgage terms and property condition. Negotiate favorable terms, and use a real estate attorney to ensure all legal aspects are covered.
Conclusion
Subject-to deals can be a powerful tool for real estate investors looking to expand their portfolio with minimal upfront costs. At Rapid Close Realty, we can help you navigate these transactions with confidence and expertise.
Contact Us For more information on subject-to deals or to discuss your investment options, email us at info@rapidcloserealty.com or call (888) 387-2743. Connect with us on Facebook and Twitter for insights and updates.
