Listen Marco Kozlowski's podcast here:
In today’s episode, learn the art and
skill that’s mostly been lost among real estate professionals in
taking debt subject to the existing mortgage. The ability to take
over an existing debt may be difficult to most buyers, but this is
definitely possible should you follow all the recommended steps and
techniques.
WHAT YOU’LL LEARN FROM THIS EPISODE
- What does a subject to the existing mortgage mean?
- Assume vs. Subject to the existing mortgage
- History on why this existed and how is it possible
- What is the amortization schedule and how does it work?
- Is there a need to foreclose property when changing
ownership? - What is a land trust?
- What usually happens when the title wave of delinquencies
continues? - How to get a win-win situation?
- How to start the initial negotiation in this situation?
- How many properties can you get into?
RESOURCES FROM THIS EPISODE
Click
here for the free quick start course “Get
Deals By Tuesday” Masterclass.
CONNECT WITH US
- Email: marco@marcokozlowski.com
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
