Description

Vena Jones-Cox – The Complete Guide to Buying Properties “Subject To”

Buying properties “Subject to the Existing Loan” lets you do exactly that—but they can also go massively wrong if you don’t know EXACTLY how to evaluate, document, and follow through with the deal. In this incredibly detailed and thorough workshop, you’ll learn:

• What a subject to deal is, and how to get one done from the first call with the seller to closing
• Which sellers are willing to sell to you subject to their loan, and how to find them
• What to say to sellers to convince them to work with you
• Which sellers you should NEVER buy from subject to their loan—you can literally ruin their lives or yours if you’re not careful
• How to figure out what you can pay for a property when the seller lets you take over his loan—it’s a different, more complex calculation than when you’re paying cash
• Why the Due on Sale clause isn’t that big a concern
• How to protect your seller from YOUR default: this technique alone will convince more sellers to do subject to deals with you, and I guarantee you don’t already know it
• Why you need to provide written disclosures to your sellers about what’s happening, and the very bad thing that happens a LOT if you don’t
• How to write a subject to offer
• How to insure properties you buy subject to. There’s a lot of misinformation out there about this, and if you’re not insured right, you can literally lose hundreds of thousands of dollars
• What documentation you need at the closing to protect yourself AFTER the closing
• All the things that ever go wrong with deals and how to avoid them
• Examples of profitable exit strategies that you can implement once you get your deal