The Sub2Deals Show

You’ve decided to buy subject to properties for your real estate portfolio. So what do you need to know now? What forms and documents do you need? What forms do you need from the seller? And how do you get them? If you speak to 10 different investors, you’ll likely to get 10 different answers to those questions. Each will tell you that you need a different form to close a subject to deal. To be honest, I think the two main documents you really need are the deed and a limited power of attorney and those will set in motion the process for you to close your Sub2Deal! Of course, there is a longer list of documents that you then should collect from the seller and a couple of forms you might have to fill out depending on what state you are in, and whether you buy the property via a land trust. For those of you interested I also go over some documents that are nice to have but not entirely necessary. I’ll also share when you need to get an attorney and when a mobile notary will do just fine instead. In this episode, I explain which documents and forms you will: At your initial meeting with the seller; At your closing meeting with the seller; And if you will need an attorney or a mobile notary to help seal the deal.   I will go over the following forms and documents and why you need them: Sales Contract e.g. Sales & Purchase Agreement Authorisation to Release Information Limited Power of Attorney Poa Ultimate Disclosure Document A Warranty Deed HUD 1 Settlement Statement Transfer Tax Form Due on Sale Disclosure Seller Affidavit Authorisation to Release Information A Second Authorisation Document Seller Course of Recourse If you would like to learn more about subject to deals, check us out at Sub2Deals.com. For information on using a land trust, the product I recommend can be found here. If you’re looking to learn more about subject to properties then get my Ultimate Sub2 Guidebook. You can also download a free fillable HUD 1 Settlement Statement you can find that here. If you’re wondering what a Due on Sale Clause is you can refer to my episode on it here.

What Is A Due on Sale Clause? What are the most common reasons this clause gets triggered? How do you prevent it from affecting your subject to property deals? I frequently get questioned about the due on sale clause from people who are always skeptical of the benefits of subject to property deals. Others even say that taking over mortgages is illegal! So, I decided to spend an entire episode dispelling the myths around this clause. Let me tell you, I’ve done over 400 property deals and the due on clause sale has never been an issue for me. And it's definitely not illegal. You can go out there and get yourself some Sub2deals, without any trouble from the due on sale clause, if you follow some simple rules. This is another special episode as I interview a listener of the Sub2deals Show who was affected once by the due on sale clause. I speak to him about the circumstances surrounding the bank’s decision to call his loan due, how he handled it, and how this due on sale clause has only affected him once in his 11-year career in real estate. In this episode, I explain what a due on sale clause is and also: The steps you can take to ensure that the due on sale clause doesn’t affect your property deals. Share where you can find the due on sale clause in your mortgage documents and what it says. Outline the two most common reasons for the due on sale clause to be triggered (insurance and bankruptcy of seller) and how to handle both without losing your deal. What bankers think about the due on sale clause and what action they usually take when titles are transferred. -- If you would like to learn more about subject to deals, check us out at Sub2Deals.com. I recommend reading through my article on Sub2 & Insurance. For information on using a land trust, the product I recommend can be found here. I believe getting yourself educated on Sub2deals is one of the best investments you can make for your real estate investment journey so if you’re looking to learn more about Sub2 then get my Ultimate Sub2 Guidebook. -- If you enjoyed this podcast, please leave a review below and share it with your real estate investing friends using the links below! Want to know when the latest episodes are up and upcoming topics? Follow us on Facebook at @Sub2DealsPodcast.

What is a subject to deal? How can you buy a subject to property? And what are the advantages that this strategy will bring to your real estate business? I’ve been doing subject to deals ever since I got into the industry 20-odd years ago. I find it is one of the best ways to enter the property market for beginner investors. One of my first property deals was a subject to deal and I made a profit of almost US$27,000 on it! Naturally, I became a big fan of buying properties this way because it’s a simple and straightforward process. In this episode, I explain what a subject to deal is, and also: The steps you can take to start off your journey to build up a portfolio of subject to deal properties. The many advantages of buying property subject to (including keeping your credit clean!). Where and how to find the best subject to deals. If you would like to learn more about subject to deals, check us out  Sub2Deals.com and I recommend reading through my free Sub2deals Resources. If you want to get started on investing in subject to deals you can book a free 1 on 1 strategy call and we can decide if we’re a good fit to work together on a custom coaching plan for you.

In this episode, 12 Houses to Freedom, William explains how the average investor is only 12 houses away from financial freedom. He explains how buying just one house a month for a year can get you to your financial goals.

In this episode, William explains exactly what lead tracking is, why it is important to track your incoming leads and the best way to get it done. 

In this episode, William Tingle of Sub2Deals.com discusses the advantages of selling properties taken subject to with owner financing to end buyers. Gerald Paul, a long time investor from Texas is his guest.