One creative strategy that can work really well, especially in the price-inflating markets most of us have now, is Subject-to & Lease Options.
In the most basic sense, Subject-to — aka SUB2 — means taking ownership of the property, but leaving the existing mortgage in place.
That means often you can just step into ownership without needing to get new financing, as you take over — and keep paying on — the old financing.
And with Lease Options, you put a tenant into your property on a rent-to-own basis. Basically like they are buying the house on layaway.
They are tenants and pay rent, but they also have the option to buy it, which they paid you additional for. And since they plan to buy it, they take better care of it.
Yes, both techniques have more details to learn.
That’s why we’re having Linda Locasio as one of the guest experts at our special ONLINE Traction REIA event on Thursday March 10th at 6pm Eastern. (The ONLINE meeting will replace the DC meeting this month. Tampa & Sarasota will still meet in-person in a few weeks.)
Linda’s session is called:
“Buying Rentals Subject-to & Selling on Lease Options”
And you’ll meet 2 other great investors, and learn their specialties, as well.
Join us ONLINE next week:
SPEAKERS & TOPICS:
1. Linda Locasio — “Buying Rentals Subject-to & Selling on Lease Options”
2. Charles Tassell — “The Political Economic Focus Going Forward”
3. Victor Jernigan — “Scoring Neighborhoods: The only technique you need to know to invest anywhere in America”
***SPECIAL ONLINE REIA MEETING***
Thursday March 10th
6pm to 9pm Eastern
5pm to 8pm Central
4pm to 7pm Mountain
3pm to 6pm Pacific
Tom Zeeb
President
Traction REIA
Washington DC | Tampa | Sarasota | Online
Traction REIA:
12+ Year Recipient of the National REIA “Honors of Merit”
and the “Award of Excellence”
For Best Real Estate Investor Association!
