How to “Sub to” This focus group is under the guidance of Vena Jones-Cox and Narendra Mundhe and meets on the 4th Monday of each month at the College Hill Perkins at Cross County and Hamilton Ave. join us at 6:30 at Perkins in College Hill for this event; like all REIA focus groups, it’s for members only--except in the month of July!
Buying subject to an existing loan is probably the most common creative financing strategy in the market today: after all, you don’t have to qualify, you can often get financing at under 5% with little or no money down, and, if you’re doing it right, those loans are fixed rate and long term.
We’ll discuss which properties and loans work, the due on sale clause, and how the whole process looks at this month’s meeting.
Please RSVP below to let us know you're coming!