Ep. 117 - Buy a Property With NO Credit Using "Subject To" | Chris Prefontaine
Struggling to buy investment properties because of cash or credit barriers? What if you could take over and start collecting rent on a seller's existing mortgage without ever qualifying for your own loan? That’s the technique real estate expert Chris Prefontaine unpacks with Quinton in this episode as they explain “Subject To” deals. If you want to unlock an entirely new world of highly profitable real estate investing opened up by using other people’s financing, you can’t afford to miss this in-depth, insider explanation of “Subject To” deals.
[00:00 – 05:44] - What is a "Subject To" Deal Structure?
[05:45 – 08:04] - Why Sellers Agree to "Subject To" Deals
[08:05 – 11:49] - What kind of person is open to “Subject To”
[11:50 – 13:03] - Indicators that a property is worth pursuing
[13:04 – 17:18] - Difference between assumable and “Subject To”
[17:19 – 19:55] - Using properties for rentals vs. rent-to-own
[19:56 – 25:52] - Resources to get started with “Subject To”
Key Quote:
"You're helping not just your family. You're helping two other families when you do this." - Chris Prefontaine
Connect With Our Guest:
LinkedIn: https://www.linkedin.com/in/chrisprefontaine/
Website: https://smartrealestatecoach.com/
YouTube channel: https://www.youtube.com/smartrealestatecoach
About Chris: Chris Prefontaine has been in the real estate industry for over 31 years. He is the Chairman and Founder of Smart Real Estate Coach, a 4x best-selling author, a Forbes Business Council Member, and a 3x Inc 5000 Honoree Fastest Growing Company focusing on transforming W2 employees into creative financing real estate investors, with over $100 million in transactions completed. He is also the host of the Global Rank TOP 0.5% Smart Real Estate Coach Podcast.
Resources Mentioned:
Masterclass: https://wickedsmartacademy.com/mastersclass
FREE book: https://wickedsmartbooks.com/harris/
FREE 15 minute strategy call: www.smartrealestatecoach.com/action
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