Shae Bynes, Good Faith Investing
Hello Guys & Gals, I have a trick up my sleeve that most of you have probably never even heard of. It’s called Subject2. This strategy isn’t a new secret, it’s been going on for as long as you can imagine.
This term is also commonly know as Sub2 and Subject-To.
What this means to you as an investor is, you can literally buy properties without qualifying for a new loan. You simply transfer ownership of the property and keep the sellers loan in place.
Now, chances are you’ve never heard of this in the mainstream circuit of gurus because it isn’t the sexy thing to do right now considering our current market conditions. The truth is, there are many, many properties that qualify for you to purchase using the existing mortgage that is already in place allowing you to own a home or an investment property with literally no money down!
Many investors feel they’re comfortable with navigating a HUD1 form. Next time you’re looking at one, check out lines 203 & 503 and tell me what you see. Chances are, you’ve seen this but never realized it or knew what it meant. I’m going to spend some quality time here on Shae’s blog going over this strategy in as great of detail as I can for you. I’d like for you to realize that there are other options for you to consider when looking to invest. I’m even going to show you how you can ‘wholesale’ a Subject2 deal and make it more profitable than your standard wholesale deal.
What I’d like to do is make sure not only do I give you some amazing content, but also answer your questions. I would like to encourage you to ask questions or make comments in the comment section below so that I can do my best to address those for you either directly or in up coming posts.
Quick Additional Note from Shae:
In case you don’t have a HUD1 handy, I thought I’d do you a favor and show you a snapshot of what Nick is referring to:
Nick really knows his stuff and I plan on learning his strategy and adding it to my arsenal in January (I’d do it now but as you know I’m laser focused for the rest of the year!). It will be a useful strategy both for wholesaling and buying rental properties (we have to buy 4 more next year you know!).
Anyway, be on the lookout for Nick’s article series starting next week! In the meantime, you can learn more about Nick here. Nick recently launched an e-book on Subject2 investing and he’s giving away the first chapter for free so I encourage you to check it out!
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How cool is that! I collaborate with Shae on a few articles and you pick them up and post them here. That’s cool with me. I’m glad you thought the posts were worth it.
Don’t hesitate to come by Subject2.com if you’re looking for more. Don’t worry, I’m friendly :)
Nick