Subject To Real Estate Investing | 3 Ways to Close Deals
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- เผยแพร่เมื่อ 10 ก.พ. 2025
- Subject to real estate investing is one of the best ways to control real estate. In this video, I'll share 3 ways to control these deals in order to make HUGE profits as a real estate investor.
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#subjecttorealestateinvesting #buyinghousessubjectto #subjectto #realestateinvesting #wholesalingrealestate #wholesalinghouses #jamelgibbsrealestate #jamelgibbs
Literally you have been the clearest in explaining subject to. Definitely following this channel
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HELLO JAMEL, ARE YOUR SUBJECT TO CONTRACTS FOR SALE. IF SO WERE CAN I PURCHASE THE AGREEMENT/ CONTRACT
One of the best videos I’ve seen on this subject….no pun intended lol
Thanks
I love doing sub too wholesale 💰💰💰
Indeed.
Thanks Jamel for sharing this information.
Thx
Thank you brotha for ya knowledge. It’s much appreciated.
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Great video Gibbs. This was very helpful.
👍🏾👍🏾
Bro u need more subscribers. Your advice is on point. Can you dive into the specifics involved in sub to? Do you set up a trust when you purchase etc?
Appreciate that. Check out this video: th-cam.com/video/pCMZRONj-9s/w-d-xo.html
If you have more questions, let me know.
great video as always Jamel
Thanks brother.
When you talk about assignment of the deal to a wholesaler have you already caught up the payments and get reimbursed by the wholesaler?
Subbed! Do you think sub-to is effective right now given how houses are selling right now? Thank you.
Yes
Hey Jamel, love your videos - I've been working hard on closing more lease to purchase deals as of late. I was wondering if you could go into or discuss more on converting these types of deals. I have mastered lead gen, and getting them on the phone but converting has really been a struggle. I sure would appreciate another perspective on the matter. Thanks for always sharing.
Yes, absolutely. I'll see what I can put together. I'll throw it in the line up. Stay tuned.
Great video! Thanks for producing!
Thx
Jamel, could you possibly do a video on the type of paper work is needed to do these types of deals?
Great idea. I'll keep that in mind.
Jamel, on a subject to deal. Do you have to notify the lender that you are taking over the property or the payments?
Add one more Sub-Tail , get it sub2 and fix it up and put it on the Market
So when you acquire a property subto that needs a little work, do you have the work done to get it to market value before you lease option it or can you lease option it for market value as-is? Im closing on my first subto deal in a few days and want to lease option it but i was going to get it painted and put new windows and everything before i did so i could get the most from it. Awesome video BTW. Thanks in advance.
Depends on the circumstances. Most of the time, if I do a lease option I hold the buyer accountable for rehab and repairs. It creates pride of homeownership.
Congrats on your closing.
@@jamelgibbs Good way to look at it. Thanks for the response and the congrats. Hopefully there are many more to come.
No doubt. And plenty more to come. Keep grinding.
Can I put out some bandit signs to find motivated sellers? Also if I take over the payments is the property put in my name?
Yes and yes
@@jamelgibbs Okay thank you
So with the wholesale exit. What if the investor can no longer make the payments? Do you become liable in some way as the original seller's name is still on the mortgage right?
No
Could you turn this sub to into a seller finance deal for your end buyer since you have 20 years to pay it off?
Traditional seller finance occurs when there isn’t a mortgage on the property.
Subject to is a better solution.
Can I use my business credit to take over the mortgage payments?
Yes. I'll shoot a video on this.
when taking over a mortgage, is it possible that you would need to be approved by the lender? I was under the impression that some lenders require approval to transfer the mortgage for buyers who originally put down less than 20%...
No qualification needed. Your seller's name stays on the mortgage. You simply take ownership of the property.
@@jamelgibbs Ok, I will watch more videos before I try to do any subject 2 deals. lol... Thank you!
Great plan. But don't overthink it. That will lead to procrastination Let an attorney close your creative deals, and you'll be fine..
Would you consider a wrap mortgage to be more in the favor of the seller? That way they can recover the property in the event that the monthly payments aren’t made?
Yes. But it depends on the circumstances.
Here’s a video I did on wraps: th-cam.com/video/8LZIT1yCY3Q/w-d-xo.html
Timothy Rhodes, I see where you're going with this. You could also do a deed-in-lieu - but your goal is not to have any of the payments missed right?
I have been educating myself so much on Subject-to deals, I have several that I’ve came across but hesitated to close the deals. Nobody gets deep with info about how they are insuring the property. That’s important! Any advice on that?
Great question. I'll do a separate video on this. It'll be released in a few days. I'll post it here for you.
Yes! #2!!!
Awesome
What happens if the person you assign it to stops making the payments on the mortgage?
I like the ideas about this type of investment, but how much will I have to pay the seller.
Depends on what you negotiate.
@@jamelgibbs thank you
Anytime.
Right on point
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How do you usually find subject to deals? No one seems to ever tell that part or Atleast I haven’t seen any videos of it no where. Thanks in advance
Great question. I find them the same way I find wholesale deals.
That's definitely one way.
When you trying to get the house under contract if the selller don’t won’t to sell because your offer is low you can see if they open to do a subject to that’s all
But what happens if one day a year down the line, the seller says they don't want that debt on their credit report anymore. Do you have to sell?
This is where your agreement comes into play. You establish this upfront.
I am so lost when it comes done to the second way to subject to can you explain more please with a white board?
Would it be bad to get a sub 2 to live in?
No. It’s a great way to buy.
Do you have any videos on that? Definitely want to look into it.
Here is the situation I'm in.... property has 70k remaining on loan. Value of home is 130-140k. Needs about 15-20k in rehab. Cld I get the property and fix it up and be all in for 90k then refinance at 80% ?
That wld be 104-112k...70k wld pay the original loan, I'd get back my rehab money and then pocket the rest (14-30k) and just rent the property to a tenant?
Am I missing something here?
This will make a good video. Stay tuned.
Maurice sounds like you are looking to do the BRRRrrrrr Strategy? If this were my property I would not consider using that exit strategy. I would as Jamel said use the Lease to purchase option as my exit strategy. Why? because it will give you cash upfront (downpayment) Cash Flow during and best of all back-end cash. What is the Purchase Price? Then get the PITI? Figure out what the cash flow would be (PITI (subtract) Market Rent)=(Cashflow). That should help you gauge if this is a deal worth doing. Once you have that figured then you just structure the deal according to the client needs to create a win-win-win solution for all. For example Purchase Price is $120k, the seller owes $70k so that means the seller has $50k worth of equity in the property. Once agreed you would continue paying the bank (PITI) then structuring out the seller's payment for $50k. As long as your combined payments of PITI + Seller Payments are not over what you make from your tenant-buyer your golden (PITI = $850 + Seller Payments =$150 = $1000 - Tenant-Buyer payments = $1,650 - $1000 - $1650 = $650 in Cashflow). You then sell that property for $160k, receiving a downpayment of $16k and a monthly payment of $1650 per month. You would now potentially make 16k from the down payment, $650 per month in cash flow, plus $40k or so in back-end profits. Hope that helps.
This video seems pretty informative but I’m a disabled person in fixed income with a 1 year old daughter. I’ve managed to build my credit to 700 but I’m on a fixed income. Could u possibly do a video for people in my situation? Or if u already have could u direct me to it? Thanks so much and much success in the future.
I wish I saw this video earlier. I attempted to explain sub2 to a seller that more than likely would have done the deal. His question was, “how do I make money since the property is already rented? My response, “we would give the tenant 30 days, then pay 5-10% down payment”. I was confused and I think I started confusion him. Long story short, he me NO 😭!
Go back and present it from a different angle.
Have you ever had to deal with a due-on-sale clause when executing a subject to?
No. Not in 22 years of doing this.
Where is the money on the back end coming from