The Mystery Around Buying Subject To

“No one will ever deed the property to me!”

Does this Sound familiar?

Is this your thought process?

Do you have believe that no one in their right mind would deed the property over to you, someone they hardly know?

I remember back in the year 2000, after I attended my first real estate convention; my wife had the same thoughts. And after months of struggling and beating my head against the wall with no deeds, I began to buy into this line of thinking myself - that no one in their right mind would do such a thing.

Well, buying properties subject to is not that complicated.

I decided to stop making such a big deal about getting the deed and the paperwork and started acting like it was just part of the process. In other words, I acted more confident. I took the bull by the horns and led them to what they should do and would eventually close a good percentage of the sellers I spoke with. Plus, I started focusing on my seller and targeted my marketing to attract highly motivated sellers.

Now, if you’re dealing with just someone that wants to sell their house, then its going to be a battle to get them to just deed the property over to you. And in all honesty, probably will not happen. However, as an investor you’ve got to be on the prowl for the seller with motivation. In many cases, the seller with motivation, has either some personal issues that’s causing him to sell or there may be some issues with the actual property. Either way, if there’s no motivation for the seller, then chances are the seller will sit tight until they get the offer they’re looking for.

So, in order to flip a house, buy a property subject to, or even get a deal for a deep discount, you’ve got to start looking for and find motivated sellers.

Take care and we’ll talk soon,

Derek Pierce