Given the state of the Real Estate market today, with high interest rates and uncertainty surrounding prices, many people are beginning to experiment with ‘creative’ strategies to finance their purchases. If you are hunting for creative finance solutions, the term ‘Subject To’ will be one you stumble across. In this blog post, we will point you to resources where you can learn more about this type of financing with the goal of making you comfortable with this strategy.
So – what is ‘Subject To’? In its most basic sense, a ‘Subject To’ deal involves a buyer taking over the payments of the seller’s existing mortgage, and in exchange for doing this, the seller will transfer the deed into the new buyer’s name.
Many of the off-market listings on this site are looking for investors to purchase their properties ‘Subject To’. In New Hampshire, there are resources you can reach out to on this to learn first hand how to implement a ‘Subject To’ deal. The one we trust on this subject is:
Noli Peterson of the Unlocked Home Project. He can be reached @ 603-986-1684.
One of the most popular youtubers on this subject is an investor named Pace Morby… let’s start with him. The videos below will get you started in the right direction! So, here goes: