How To Find A Title Co. For Sub to Deals

Introduction

This tutorial will help you find a title company or attorney to assist with "Subject To" real estate deals. Many professionals may not be familiar with this type of financing, but with the right approach and terminology, you can effectively engage them. This guide will provide you with actionable steps to build your team.

Step 1: Understand the Subject To Concept

• Subject To financing allows you to take over a property’s mortgage without officially assuming the loan.
• It’s crucial to clarify this concept when speaking with potential title companies or attorneys.

Step 2: Prepare Your Approach

• Research local title companies and real estate attorneys. Look for those who have experience with creative financing.
• Prepare a concise explanation of how Subject To deals work. Use simple language to avoid confusion.
• Key phrases to use:
  • "I need assistance with a Subject To transaction."
  • "This involves taking over a mortgage without assuming it."

Step 3: Reach Out to Title Companies

• Call or email the title companies you’ve identified.
• Use the prepared explanation and key phrases to introduce the concept.
• Ask if they have experience with Subject To deals or if they are willing to learn.

Step 4: Assess Their Knowledge and Willingness

• Gauge their familiarity with creative financing.
• If they seem unsure, offer to provide resources or examples of how Subject To works.
• Be prepared to explain the benefits of using this type of financing for both the buyer and the seller.

Step 5: Build a Relationship

• Once you find a title company or attorney that understands Subject To, work on building a rapport.
• Share your plans and how you intend to use their services.
• Offer to keep them updated on your deals, which can help them learn more about the process.

Step 6: Join Educational Resources

• Consider joining groups or forums related to real estate investing.
• Engage in communities like The GoGetter Family's Facebook group or their Academy for further education and networking.

Conclusion

Finding the right title company for Subject To deals requires understanding the concept, preparing your approach, and building relationships. By following these steps, you can effectively communicate your needs and find a professional who is willing to support your real estate investing journey. Remember, continuous education and networking are key to success in this field.