Subject-To Purchases

Instructor: Brian Sump
Level: 300
NR Hours: 6
No. of Days: 1

Content:
This class explores “how-to” methods of buying property subject to the seller’s existing financing while avoiding some of the risks. Students learn how to present offers to motivated sellers and how to gain ownership of property without qualifying for new financing and without using much, if any, of their own money. In addition to analyzing the property, students will learn how to evaluate the existing financing, the seller, and the market. Moving from theory to reality, students are walked through case study examples where buyers and sellers have transacted subject-to deals. Sample paperwork commonly utilized in subject-to transactions will also be reviewed.

Course Objectives:
Understand the concept, advantages, and process of purchasing property subject to the seller’s existing financing. Understand the goals of prescreening sellers. Identify key points in negotiating a purchase subject to existing financing. Identify points of analysis when considering the subject to deal. Understand lender motivation factors and learn how to address those factors.

Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.  As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.