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WOULD YOU LIKE A FREE HOUSE?

Do I want a free house? Who ever heard of such a thing? You must be kidding when you say I can get a free house. No, I’m not kidding. It happens all the time in our business. People all across America are giving houses away. In this chapter you’re going to learn what I believe to be the single most powerful technique for the creative buying of real estate in existence today: Subject to.

What will you be subjected to using “subject to”? Like most things in life that are great or powerful, this is simple. “Subject to” means we are purchasing the property “subject to” the underlying loan. It works in the same manner as a contingency or subject to appraisal. When an appraiser states that the property’s value will be ...

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