Buying Houses Subject-To The Existing Mortgage
Charlie’ and Randy France
Years ago, Randy told me we were going to a seminar. I was not very excited. It sounded totally boring. I went along but I don’t think I heard a word of what was said. It was very stressful because we were newly married with five kids at home and lots of bills. This was NOT what I wanted or needed to spend money on!
Not long after that we answered an ad in the paper about a local group here in Indianapolis and started going to their meetings. The Real Estate business was suddenly getting pretty interesting.
In 1993 we purchased our first set of books and tapes. We had to borrow the money to buy them, but it was well worth every penny. In 1995 we went to our first ‘live’ boot camp. It was good to hear that other people were doing the same things we were doing and what they were doing differently in their business compared to ours. We started seriously buying and rehabbing houses.
In 1997 we attended another boot camp and heard of a concept of buying pretty houses and getting them deeded to you. This caught my attention. I was so tired of using charge cards to buy and repair houses and taking money out of my pocket. If I could get free houses and not have to do repairs it would be great.
The rest is as they say history. We decided to start “getting the deed” and from then on that was the only way we purchased houses. Sellers deed us their homes and pay us to take them! Our life has changed dramatically and yours can to!
If you asked us how our life has changed we would tell you this: We went from being afraid to answer the phone because it was probably a bill collector, to being afraid NOT to answer the phone because it was someone wanting to give us their house and a check!
If you want me to get to the real story, here it is…. We were not Real Estate experts. We just wanted more out of life. We wanted something we could do but still work around the kids and our schedule. Fast or slow it would be our choice. We did not want a ‘job’ to go to. We wanted something we could do today and get paid over and over again for our efforts.
Through the years we have helped so many other people change their lives. Sellers, buyers, and yes even tenants! How better way to make money? By helping others.
Bob Meister has been an investor for over 25 years. He has a Masters Degree in Engineering and is a registered professional Engineer. He has been part owner of 5 golf courses, an apartment building, medical clinic and numerous single family homes. He is a certified forensic document examiner and graphologist. Bob has studied NLP with Richard Bandler, Tad James and Jonathan Altfeld, all pioneers in how the mind works when we communicate. He has coauthored “ABCs of Subject To” and “Profits While We Sleep’. Bob authored, ‘Bob Talks Forms’, ‘the ABCs of Private Lending’, and the ‘Concise Technique for Document Examination”. He has developed 3 software packages for investors “Auto Profit’, ‘Auto Lease’, and ‘Auto Forms’. Bob currently conducts monthly Webinar for Real Estate Investors, and manages his investments.