3 Biggest Pitfalls of Subject To Investing

[@freedom_mentor]

Every successful Subject To investor has a mentor. Get yours here: www.freedommentor.com/apprentice

[@zmack1830]

Phil Pustejovsky......The Unsung Legend !!

[@freedom_mentor]

Thank you! Appreciate the love.

[@dameanvil]

00:00 🏠 Before diving into subject-to investing, ensure the deal's viability by assessing property value, existing loans, title issues, payment status, and potential management needs. 02:32 💰 Plan your exit strategy: Consider cash flow, equity, and potential resale options for profitability in the short or long term. 04:37 📜 Understand "due on sale" clauses in mortgages, which may allow lenders to demand full loan repayment upon title transfer. Explore exceptions and prepare for potential challenges if lenders call the loan due. 07:19 🛡 Address insurance concerns when title transfers-existing policies become void, necessitating new coverage. Be cautious about lender requirements and explore solutions to manage insurance complexities in subject-to deals.

[@freedom_mentor]

Thanks for contributing to our channel.

[@1973superdad]

The insurance piece is tricky and rarely talked about

[@freedom_mentor]

Absolutely! Are you actively investing in real estate?

[@ozc804]

Hey Phil I have a question for you , is Subject To considered flipping , or what would this strategy be considered ??🤔

[@freedom_mentor]

You can flip a deal you acquire with Subject To or you can hold onto the property long term as a rental.

[@ozc804]

@@freedom_mentor AWESOME FANTASTIC. I APPRECIATE YOUR PROMPT RESPONSE MR. PHIL (BLESS YOU , YOUR TEAM & LOVED ONES IN THIS HOLIDAY SEASON 🙏) 👍👍🤝🙋🏻‍♂️☮️

[@AllNighterHeider]

Another option is to obtain easement rights to the property. I do not recommend this for anything other than a last-ditch effort as it's pretty much being a bully and can definitely jeopardize ones network and credibility. Great list of considerations Thanks Brian

[@freedom_mentor]

You're welcome!

[@AberrantArt]

Where's Phil!?

[@freedom_mentor]

Getting help from my team. I'm still right here :)

[@AberrantArt]

@philpustejovsky I can't speak for others but miss your personality and tempo!

[@BattyGray]

You're doing great! Thank you for stepping up and teaching, this channel is now twice as great thanks to you!😁

[@freedom_mentor]

Much appreciated!