What in the heck is Subject 2? A bunch of people were asking me to explain the basics of the Subject 2 strategy – so we really dug into the details on this video.
In a nutshell, Subject 2 means “I’m going to buy your house, subject to the underlying mortgage staying in place as is.”
In other words, it’s all about taking over on payments.
In this video you’ll learn how the bank financing model works with Sub2, why it’s a win-win situation for both you and the seller and the finer points of setting up a Sub2 deal.
PS. Stick around until the end for the Q&A session – there’s some really great questions in there from our audience!