West DFW REI Group

Fort Worth's Premier Real Estate Investment Education Group
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Pros and Cons of Taking the Deed "Subject-To"

with... Tim and Michelle Cook

In this event, you will learn the pros and cons of "Taking the Deed Sub-To" when buying houses Subject to the underlying mortgage remaining in place and all the things you should consider BEFORE you purchase.

Saturday, February 6, 2021 8:30 AM - 11:30 AM
Virtual ONLINE Event

"Pros and Cons of Taking the Deed When Buying Houses "Subject-To"



 

 

Many new investors find it hard to believe a homeowner will give you the deed to their house. The wave of foreclosures is building and this month we'll cover the "Pros and Cons of taking the Deed when Buying Houses "Subject-To" the underlying mortgage remaining in place.  We'll go over the things to consider for you and the seller, before executing this type of transaction. THIS IS A MUST-HAVE STRATEGY IN YOUR TOOL-BOX AND YOU DON'T WANT TO MISS THIS EVENT.

Some of what we’ll cover:

  • - What does Buying Houses "Subject-To" the underlying mortgage mean?
  • - What makes a good “Subject-To” deal?
  • - What makes a bad “Subject-To” deal?
  • - What are the advantages of buying "Subject-To"
  • - What are the disadvantages of buying "Subject-To"
  • - What kind of homeowner will consider doing this?
  • - What kind of property can you buy using this type of transaction?
  • - What are the risks to you?
  • - What are the risks to the seller?
  • - What are your exit strategies?
  • - What to do "IF" the lender calls the mortgage due
  • - What can cause you to lose sleep at night?
  • - Closing “Subject-To” deals
  • - Setting expectations for success
  • - What not to do
  • - And much more....
  • - See Details of the All-Day Workshop "How To Buy Houses Sub-To With Little To No Money" (the How-to) scheduled for 20 March 2021 HERE!

A note about the speaker: Tim has been buying houses "Subject-to" for 20 years and has learned a trick or two about "successfully" buying and selling houses with no money and taking over the mortgages.  Tim has been teaching this topic for many many years and a All-Day Subject-to Workshop (scheduled for 20 March 2021).  He has created a course available for purchase if interested on the group Products Page.

Event Agenda -

8:30 am – 9:00 am – MEMBER & GUEST ORIENTATION – The session will start promptly at 8:30 am and is designed to be an overview for Members and first-time Guests as to who we are and the benefits you receive as a Member of the group.  We will also talk about the REI tools provided to you as part of your membership, your free professional investor website and other member benefits and walk you through the website and answer your questions.

9:00 am – 11:30 am – MAIN MONTHLY MEETING TOPIC "Pros and Cons of taking the Deed when Buying Houses "Subject-To"

What To Do Next To Get Pre-Registered For This Event-

STEP #1 - Scroll to the bottom of the page and click the "PRE-REGISTER" button, log in, and complete your registration.  If this is your first event with the group click the FREE Guest Pass and attend the meeting for free.

STEP #2 – Check your email NOW for your REGISTRATION CONFIRMATION email with instructions for completing the registration with Zoom.

STEP #3 – Once registered with Zoom, click the "Add to Calendar" link in the Zoom Welcome email which has the link to attend the Event.

Please share this event link http://bit.ly/ProsandConsSub2 with your friends, partners, and social media connections and invite them to attend this event as your guest for free. 

LOCATION – Online Only – The Zoom link needed to register and attend this event will be sent in your Registration Confirmation email immediately after you Pre-Register BELOW. Check your email, spam, and junk folders if you don’t see it in your inbox.

 

"Letter of Addendum and Agreement CYA-Purchase"

Document of the Month - The Document of the Month is for those who TAKE ACTION and register AND attend our training events. Each event you attend, you will receive a "Document of the Month" as a bonus, and thank you for TAKING ACTION.  These documents will change each month and will cover all different aspects of the business.  It could be a Disclosure, Power of Attorney, Bird Dog tracking form, Promissory Note, or one of the many Land Trust forms, etc. for TAKING ACTION and attending the training.  Your "Document of the Month" will be made available after the event is over and will be posted at the bottom of the Calendar Event that you attended where the video and audio files are posted.  This month's document is a "Letter of Addendum and Agreement CYA-Purchase" and is used in Subject-to transactions to disclose that the seller understands their mortgage will not be paid off and that there is a Due-on-Sale clause in the mortgage.

P.S.  Mark your calendar for 20 March 2021 for the All-Day Subject-to Workshop where we will cover from start to finish how to find, prescreening sellers, marketing, analyzing the deals, review real deals/case studies, and marketing to sell your Subject-To deals.  Registration HERE.

ZOOM ROOM SPACE IS LIMITED SO RESERVE YOUR SEAT TODAY!

CLICK THE PRE-REGISTER BUTTON BELOW NOW!

 


Members:
Free
Non-Members:
Free

Date:  Saturday, February 6, 2021
Time:  8:30 AM - 11:30 AM


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