'Subject to' with equity?

Comments(7)

• 
  JohnLocke18th October, 2002

  Mike C,
  
  Glad to meet you.
  
  I wrote an article on Subject To investing for the beginner here on TCI, if you have a little time I would suggest your read it.
  
  Yes, you can buy Subject To when there is equity involved, you will need a method to reduce the equity as low as you can get the seller to go, then work some kind of additional financing arrangement with your seller for the balance.
  
  Welcome on board this board, looking forward to seeing many posts from you.
  
  John $Cash$ Locke
  
  Click on JohnLockes web page below it will take you to articles I have written.
  
  [ Edited by JohnLocke on Date 10/18/2002 ]

• 
  JR_FL18th October, 2002

  Determine what the equity is and then try to get it yourself. Remember you can make 15% of what the seller thinks is equity disapear through proper negoations. If they want payments for equity I like to take the amount divided by 100.

• 
  MikeC21st October, 2002

  John,
  
  Thanks for the reply. I've now read all of your articles (at least the ones I could find). Good stuff!
  
  I've read other info that mentions having the owner re-finance in a high-equity situations. Do you ever do that?
  
  Thanks,
  Mike

• 
  JohnLocke21st October, 2002

  Mike,
  
  Yes, I do. I usually either help them re-finance through a mortgage broker who works with me and have them pull 'some' of their equity.
  
  I also have them carry a second for their equity if need be, but remember the way I buy I show them they have very little equity, from what they 'think' they have.
  
  John $Cash$ Locke

• 
  DerrickAli30th October, 2002

  MikeC/ JOHN/ and Anyone Else here on TCI:
  
  I am putting together a pool(currently $1.5Million) to assist you to get equity or cash out of your Subj-to Seller-Financed Deals!
  
  We are developing a software to analyze how much we can cash out an individual transaction.
  
  We are first off and specifically funding 'Owner Needs Cash' deals structured within a PACTrust/NEHTrust(tm) Land Trust.
  
  But this does NOT eliminate other creative RE transactions! ---If it makes sense---We'll fund it!!!
  
  Private Message me for more info!
  
  Derrick
  
  [addsig]

• 
  jfmlv195031st October, 2002

  Derrick, thanks anyway for that offer but:
  Current cash flow is good especially with cash out in only 2 years.
  
  John (LV)

• 
  DerrickAli31st October, 2002

  JOHN:
  
  you Welcome Buddy! Keep those Greenbacks going STRONG!
  
  Best of Good Fortune to You!
  
  
  Derrick Ali
  
  [addsig]