Why We Like Subject To Options Best Of All
Why We Like Subject To Options Best Of All
What type of contract or strategy do you use most often in your real estate investing business?
One of the most popular in our real estate investing circles is the subject-to option.
In a subject to deal, title changes, or the option is granted, on the property, but no new financing is required, because you just start making the payments on the property to the old lender who has the mortgage on it.
In a subject to option, its even better, because you let the seller make the payment s on the existing mortgage during your option period, and until you execute the option and take title to the property, you are not obligated to pay anything on the property.
That way, if you cant sell the real estate before a payment or two or three comes due, you are not obligated to make the payments.
And better still, if you cant sell the property at all and the option expires, you are not left with a loss from carrying costs during the time you were trying to sell the real estate.
So, we like options, and we like subject to options the best of all.
