MEETING TOPIC: Subject-to Deals – A Creative Way to Fund Your Next Deal
MEETING TIME: Thursday, February 12, 2015, from 7 p.m. to 9 p.m.
VIDEO ABOUT MEETING:http://youtu.be/opoQnhRLEnE
MEETING LOCATION: We meet at the beautiful Hilton Garden Inn in Cartersville, Georgia, at Exit #288 (Main Street) off I-75. To see the map, go here: http://mapq.st/w3fCHT
WHAT IS FEBRUARY’S MEETING ABOUT?
A Subject-to Deal, whether you’re doing a flip or keeping the property as a long-term hold, is an incredibly creative way to fund your next real estate investing deal.
So what, exactly, is a Subject-to Deal? Usually, when you buy a property, at the closing table, the property’s title transfers to you and the seller’s mortgage is paid off. With a Subject-to Deal, the title still transfers to you, BUT the seller’s mortgage remains in place and you agree to make the SELLER’S mortgage payments on the SELLER’S mortgage for the SELLER!
Is this the same thing as a loan assumption? Nope! With a loan assumption, the seller’s mortgage transfers into YOUR name. With a Subject-to Deal, the mortgage remains in the SELLER’S name!
Subject-to Deals must be illegal, right? Nope! Look on any HUD-1, lines 203 and 503. What does it say? It says: Existing loan(s) taken subject-to. Did you know that for decades, on every HUD-1, there’s been a pre-printed line for Subject-to Deals?
If you’ve not done a Subject-to Deal, you’re probably saying, “No seller would EVER agree to it!” Are you sure about that? Are you willing to bet the ranch on that? Truth is, Kim and I have been doing Subject-to Deals since 1998 – our ranch is a Subject-to Deal!
At February’s meeting, we’ll show you WHAT a Subject-to Deal is, HOW it works, the RISKS and REWARDS, and most importantly of all, WHY a seller would agree to do a Subject-to Deal! We’ll do this by using real-world examples of deals that we, and a number of other investors, have done.
North Georgia REIA is passionate about your financial freedom. We want you to live your best life! We will NEVER waste your valuable time with fluff-filled, click-the-easy-button, get-rich-quick meetings. That’s a promise!
Remember: A good number of us meet at the Hilton Garden Inn around 5:30 to have supper before the meeting. The what’s-happening-now dinner conversation is always enlightening…and it’s a great way to network with other like-minded capitalist!
This will be a great evening. We look forward to seeing your smiling face. Please bring family and friends. And remember: We LOVE questions and input – questions and input make us all better, smarter, wiser real estate investors!
Bill and Kim Cook
COST: $10/person (kids under 18 cruise in for free).
GUARANTEE: All of our REIA meetings and seminars come with a 100% no-questions-asked, money-back guarantee. If, for any reason, you do not think our meeting or seminar was worth your valuable time, we will gladly refund all of your money with a smile and no questions asked.