Buy property 'subject to' the existing mortgage — deed transfers to you, loan stays in seller's name at legacy rate.
'Subject-to' purchase: buyer takes title, seller's mortgage stays in seller's name. Buyer makes payments directly (or via loan servicing). No qualification, no closing costs, and you inherit the seller's 3% legacy rate on a 7% market. Risk: due-on-sale clause (rarely enforced but exists). Mitigation: land trust wrap (Garn-St Germain exception), authorization-to-release, servicing company. Best on distressed sellers (divorce, relocation, pre-foreclosure) with equity trapped.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Buy, Rehab, Rent, Refi, Repeat — recycle capital infinitely.
Recession-resistant cash flow with fragmented mom-and-pop sellers.
Exit landlording without paying cap gains.
Buy a 2–4 unit with 3.5% down, tenants pay your mortgage.
Buy, Rehab, Rent, Refinance, Repeat — with 100% OPM.
Renovate while living in, sell tax-free every 2 years.
Zero capital, zero credit — flip contracts for $5–25k each.
Rent apartments, sublet to travel nurses at 2–3× rent.