Marko - Subject-to questions?

Real Estate Investing Real Estate Financing
1

Hi Marko and everyone,

When making payment to subject-to property. Do I use get a cashier’s check with the seller’s name on it, write a personal check or auto pay directly from my bank account?

Not to trigger the due-on-sale! Don’t cancel the original insurance policy and get a second insurance policy under my name. What happen to the original policy? If you don’t continue to make payment to it? Does the policy automatically get cancel or just expire when the seller (would be me after I buy I buy it) stop making payment to it?

Thank you so much in advance Marko and everyone!

2

Put the property into a trust named after the seller last name. Get a new insurance policy with the trust at insured. Cancel the old policy.

As for payments, there are several different ways and Marko would be the best to explain this one.
I make them from my real estate companies account so it looks like we are managing the property and making the mortgage payment on behalf of the owner.

Good luck and maybe Marko can chime in.

3

Thanks for asking this question - this helps me as well!