Welcome to another episode of the Will Frederick podcast, where we delve into real estate, wealth building, money, and life. Today, we're uncovering a secret strategy in property acquisition that's been flying under the radar for many: subject-to financing.
Our expert guest, Courtney, joins us again to demystify this financing method. Courtney, a seasoned investor and founder of the North Shore Real Estate Investor Association, brings her wealth of knowledge to the table.
So, what exactly is subject-to financing? Essentially, it involves purchasing a property while leaving the existing mortgage in place. This means the seller's loan stays put, and the buyer takes over making payments. It's a win-win situation in many cases, offering benefits for both parties.
But with any strategy, there are risks to consider. For sellers, the loan remains tied to their credit, impacting their debt-to-income ratio. This can pose challenges if they're juggling multiple mortgages or seeking new financing down the line. However, with full disclosure and careful planning, subject-to financing can be a powerful tool in navigating real estate transactions.
Join us as we unravel the complexities of subject-to financing and discover how it could be the solution you've been searching for in your property endeavors. Don't miss out on this insightful discussion that could reshape your approach to real estate investing.
Brought to you by First Access Mortgage, your home loan resource.
https://www.firstaccessmtg.com/
Sponsored by The Kinchen Group
https://www.thekinchengroup.com/
Produced by lid.media
https://www.lid.media/
FIND US ON SOCIAL MEDIA!
Visit our Facebook
https://www.facebook.com/WillFrederickRealEstate/
Instagram
https://www.instagram.com/thewfteam/reels/
Website
https://www.willfrederick.net/
