The Charlotte Fort Mill / Rock Hill Investors group is SC premier Networking and Educational Subgroup that meets on the LAST TUESDAY of EVERY Month from 6:30 PM to 8:30 PM at City Tavern. This Month @ The Rock Hill / Fort Mill's Subgroup Event features FREE HOUSES - Learn about "Subject 2" the in and out's “Subject To” – Owner Financing Made Easy.
Subject To: “Subject to existing mortgage staying in place” – this is a clause that is becoming very popular on real estate contracts. But what does it really mean? What are the advantages for both sellers and buyers? How does it work?
When you take over a property using the “subject to” clause, it means that you get the deed/title to the property, but the existing loan stays in the original homeowners’ name. However you now control the property and make the payments on it. Of course if you don’t make the payments, you will lose the property and the seller’s credit will be damaged, since the liability is in his/her name.
Tuesday Night @ 6:30 PM. Learn MORE!
This Subgroup is hosted by Jeffrey Richman. Jeffrey has been in the world of real estate investing since 1994. Starting with the buying and rehabbing of properties, he quickly moved into other areas of property investing. His specialty is Subject To and Virtual Wholesaling. He does Wholesaling and Subject To anywhere in the country as long as the numbers work. To date, he has done well over 200 transactions, which include wholesaling, assignment of contracts, Subject To (the art of buying property with little or no money), Lease / Options or Rent-To-Own (depending on the price point of the property), owner financing, pre-foreclosure, and foreclosures, short sales and more.
Invite your friends and co-workers and be sure to bring your business cards, your flyers and come prepared to promote yourself, your deals and your business!
Everyone Welcome! As Always Members are FREE Guests $3.00 door Cover