Subject To The Absolute Best Way To Purchase Real Estate Investments
By Jacob Okunoren

Aren't you always curious about what these late night real estate gurus are talking about when they mention "Zero Down" investments properties? Haven't you wondered about how the heck you can buy investments with no credit? If so, read on.

We're going to dive into a topic that's very dear to my heart, the art of taking over payments. It's the absolute best way to purchase homes, and it's what has allowed me to amass a very large number of properties.

The official name for this method of acquiring homes is called "subject-to". That's because you buy the property subject to the existing financing the seller already qualified for. Many investors struggle trying to get sellers to go along with this. But once you get the first one under your belt, your comfort level increases dramatically, and the next ones come with ease. When you buy a home like this, you are responsible for the payments on the loan. The seller will deed the property over to you, so you'll officially own the home,but the mortgage will stay in the seller's name.

It's important that you explain to the seller that the loan will remain intact until you find a buyer. You should NEVER give a time limit on how long the loan will stay with the seller. For example, some investors who are so hungry to find a deal will tell the seller that he promises to find a buyer to pay off the loan within a few years. This is a very bad strategy because you really can't predict what the selling climate will be down the line. If you don't get the home sold, you'll now have a seller who's ticked off at you because you couldn't live up to your word.

You'll want to make sure you use the correct paperwork to transfer the title from the seller to you. When you do business with Amazing Atlanta Investments, we provide this to you FREE of charge. Not having the correct documents can land you in big trouble down the line.

A couple of things I want to mention now. If you say you are going to make the payments, then you must do exactly what you say you'll do. The sellers are entrusting their credit to us. To ruin their credit intentionally or unintentionally would be down right unethical. Although it rarely happens, you should explain to sellers that there is a chance the lenders may call the balance on the loan due if they see the property has switched hands. This is because of a "due on sale" clause that lenders have in their agreement with the seller. The experience I've had is that lenders really don't care where the payments are coming from as long as they're collecting their interest every month. Also, because of the high number of foreclosures, lenders are doing as much as they can to keep as many performing notes as possible in their portfolios. Nonetheless, the sellers should still be aware the possibility exists for the loan to be called.

Those are basics of subject-to. Feel free to browse through live available subject-to properties at http://www.amazingatlantainvestments.com

Good luck, and remember from this day on, never get a loan on an investment property unless you absolutely have to.

I'm Jacob Okunoren, and I'm been investing in real estate since 2005. I did this while trying to find an exit from my corporate job. Once I began researching investment properties, I became obsessed with it. Every weekend I was at bookstores soaking up as much information as I could. I began spending every penny I had on training, seminars, and coaching. I became so intrigued with investment properties, I packed up my things, moved out my recently purchased home, rented it out, and moved back in with momma just so I could be able to spend more money on acquiring knowledge on real estate. Family and friends thought I had lost my mind. But all this knowledge was useless because at the end of the day, I still hadn't purchased any investments properties. So in April of 2005, I did away with my fears and bought my first investment property. In fact, I bought 4 that month and haven't stopped since!

I now wholesale wonderful Atlanta properties to the public for them to share the same success I've had. You can see this at http://www.amazingatlantainvestments.com

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