How do you buy a house Subject To with a low interest rate. At a time when mortgage interest rates are above 8%, it's never been a better time to master creative financing in real estate. Don't try to fight it, creative financing can be your ticket to building your real estate empire just like it is for me. We bought this house by taking over the seller's loan payments at 3.8% apr. That means the payment will allow us to cashflow the property from day one. We'll take your inside the house and you'll be SHOCKED at how much stuff they left inside the house for me to clean out, but I guess it's worth the time and effort for this killer 3bdrm/2bthrm house that needs very little work. We'll also go over the numbers so you'll know exactly how to set one of these up for yourself.
00:00- Intro 1:05 - I'm not in the real estate business, but I'm more in the solving problems business 1:50 - Let's look a the surrounding neighborhood 2:20 - This house is located in Franklin Virginia. I believe tenants will migrate to this suburb of Hampton Roads because rent is too high in the Virginia Beach area. 3:19 - This is the condition the home owner left the property in for me 4:29 - The 2nd floor has 3 bedrooms full of debris and unwanted items the seller didn't want 6:03 - The primary & communal bathrooms are in good condition 8:05 - What is a Subject To real estate deal, how is it defined 9:40 - Let's go over the numbers on this Subject TO real estate deal 10:35 - You must have the mortgage statement in order to make an offer on a Subject To deal 11:41 - How do we know what the mortgage payment will be each month 13:35 - How do we buy houses below the current mortgage interest rates 16:00 - This is proof the Subject To deals are legal in every state, there are no bank fees
