EP 32: A Due on Sale Call Breakdown with Steve Keighery PART 1

Subject To deals have a LOT of moving parts to them and are inherently risky for all parties involved but investors still tackle these deals because of how profitable they can be and how they allow you to manipulate the interest rates in the marketplace. Success in these deals comes from knowing how to properly structure them and how to protect all parties involved, including yourself as the buyer. Join us in this episode as we deep dive in extensive detail one of the scariest risks in a Subject To deal: the Due on Sale clause being called due immediately after purchasing. Courtney and Steve cover many topics in their conversations but some you'll want to pay attention to are: -his experience with Subject To deals before getting the Due on Sale called -the details of the deal (where it came from, the sellers motivation, the numbers, the exit strategy, etc) -the exact timeline of the Due on Sale being called -how he was notified of the Due on Sale being triggered -how the Lender found out about the Subject To transaction and why the clause was triggered -what solution he found to keep the deal and survive the Due on Sale being called -how the Seller acted during all of this and what communication looked like -his conversations with the Lender about his role in the deal -his numbers after he executed his rescue plan -among other important conversation pieces We hope you enjoyed the conversation and got something out of it to help you on your journey. This episode was sponsored by Arena Collective, a Greater New Orleans area Title Company that understands what investor deals require. They can tackle everything from Subject To deals, wholesale transactions, seller finance and private money notes, as well BOI filings for the Corporate Transparency Act and Operating Agreements for LLCs/Partnerships, plus many more. Courtney personally uses them for the majority of her deals. Have a Subject To deal or any other type of deal you'd like to open with them? Send them an email at intake@arenacollective.com to start moving things towards the closing table today! You can also follow them on social media. You can find their links here: https://linktr.ee/arenacollective. Don't forget to tell them that Courtney sent you! Want to connect further with Steve? You can find him on Facebook at https://www.facebook.com/stephen.keighery. If you would like to connect further with Courtney, visit CourtneyFricke.com. Make sure to like, subscribe, and share this episode if you found value in it. Thanks for tuning in! More are episodes being uploaded weekly. We welcome show ratings and reviews as it'll help us get in front of more folks with these messages.