"Subject to" may be the best way to buy property with NO money. We’re talking $0 down. No saving up cash, talking to banks, or paying for a seven percent mortgage rate. Instead, this strategy lets you take over a seller’s mortgage, even if it’s still at the rock-bottom rate of 2020 or 2021! If you think it can’t be done, look at Pace Morby’s success. He’s been able to scale a rental portfolio of over a thousand units, almost entirely using creative financing strategies like subject to and seller financing.
But if this strategy is so solid, why isn’t everyone doing it? Pace breaks down the EXACT list he uses to find motivated subject to sellers, the two types of routes you can go, and the one that requires no cash out of your pocket. While every other investor focuses on buying on-market properties at list price, Pace is getting deals at a STEEP discount, either on the purchase price or the rock-bottom mortgage rate. Pretty sweet deal, right?
