Re: Risks involved in a transaction - Posted by Bill
Posted by Bill on April 03, 2002 at 12:35:49:
Check out this article on buying “Subject to”
The article says in part, “There are several ways to purchase homes. We have all heard about buying on Contract, Lease-Optioning a home, or paying Cash. The one way to purchase homes that is not new but is getting a lot of attention is buying homes “Subject To.” It sounds complicated, and some people even think it’s illegal, but it is the safest, easiest, and, often times, the most profitable way to purchase properties”
After reading this article, if I were a new real estate investor I might just think I had found the motherlode and, “jump in with two feet”. as Mr. Bronchick said.
This particular author dwells on the positives of subject to transactions and glosses over the negatives.
I understand that she is trying to sell something and its much harder to sell something when you mention the negatives as much as you should.
However, she and everyone who is trying to sell a course or book should spend at least as much time on what could go wrong as they do on what can go right. They probably wont sell as many books or courses, but the people who do bite will be much better informed.
Some people think that if its on this website, it must be true.
Here is the full article.