subject: William Tingle – Understanding How Easy Real Estate Can Be [print this page] When someone suggests to you that real estate is one of the wisest investments there is, what's your reaction?
Some people might simply agree, happy to have their home purchased, happy to invest their money in those mortgage payments every month. Some people might disagree, thinking that putting money in the stock market or precious metals is the way to go while they pay rent to a landlord. But when it comes to your reaction, what do you really think?
If you're entirely new to the world of real estate transactions, you might simply say "Yeah...but isn't real estate really hard?" After all, even in small interactions, you're usually talking about tens of thousands of dollars on the line - if not more. There are loan officers to consider, real estate agents to pay commission, paperwork to fill out...it can sound like an incomprehensible mess if you've never been in the world of real estate.
But what if it's really not that hard?
Consider, for example, the "Subject To" agreement. This resembles more of an old-fashioned barter than a modern-day real estate transaction, which is why so many real estate investors love thinking about them. In a Subject To, you essentially take ownership of a piece of real estate - by making the mortgage payments - sometimes with a small upfront payment, sometimes not. The person selling the real estate will sell for less because they want to get out of the mortgage payments. It can be the definition of a mutually-beneficial trade, since both sides can really get advantages they wouldn't have had without the other party.
Subject To agreements might sound complicated at first, but when you consider that this type of agreement can sometimes circumvent loan officers and real estate agents, you begin to realize the potential potency these types of deals can present. If you're a real estate investor who particularly likes stretching his dollars as far as they can go, you can probably see the advantage in taking on a Subject To agreement - as long as you can handle the payments.
Real estate doesn't have to be so hard. There are people out there right now who are still turning a profit in what would otherwise be described as difficult times. You don't have to be a victim to the whims of the market: if you're going to be a successful real estate investor, you can make your own way. And it's not necessarily as hard as you thought it was going to be.
William Tingle Understanding How Easy Real Estate Can Be
