"Subject to" question
My tenant of 3.5 years just moved out. She and her fiance bought a house. The asking price was $209,000; they paid $229,000. If I recall correctly, the last time RE bidding wars happened around here was 1987, when I bought this rental and prices immediately headed south. They still aren't back to 1987 levels, been feeding this alligator for almost 15 years. If the RE market tanks again, I bet that "subject to" willing sellers will increase dramatically, but the numbers will not work for most of them. I could be wrong. How can I make "subject to" deals work in that kind of market?
Have you considered a Lease Option, for a 12-18 mths.. get the tenant working with a loan broker and a title you trust.
good luck, cashnow
There will always be subj2 sellers in every type of market. People get transfered, divorced, fall on hard times, need out.
Depending upon the type of market we are or could be in for the future, may determine the number of subj2 sellers. There will always be some. If you are a subj 2 investor, then it is your job to find them.
The current market may be the hardest type of market to find motivated sellers, but there still out there. Keep looking.
Good luck
John