This happened to me last week. The seller was a tired landlord, but it was deeper than that—she had rented the house to a family member, and that family member let another family member move in. Total mess. The place got trashed, nobody was paying rent, and she didn’t want to deal with the drama or go through an eviction. She just wanted out. The mortgage was $500 a month at a 4% interest rate, and the property could rent for about $1,300. I told her I’d take over the payments and gave her $15K to walk away. But I didn’t use my own money—I got a second mortgage from a private investor for $25K at 7%. That payment came out to about $150 a month. So now I’m all in at $650 a month and bringing in $1,300. That’s $650 in monthly cash flow and I walked away with $10K in my pocket from the difference in the loan. All clean, all legal, no banks, no headaches.
The second one was different. The lady was totally chill—she just needed a down payment to move, and she didn’t care what I did with the property as long as she could move on with her life. The house was turnkey, no repairs needed, and she had already accepted she couldn’t keep up with the mortgage. It wasn’t in foreclosure yet, and remember—it doesn’t become a foreclosure until you’re way behind. I gave her a small down payment, took over the loan, and put the property up for rent immediately. Whether the mortgage is performing or not, if the seller’s flexible and the numbers make sense, it’s a solid deal. You don’t need credit, you don’t need cash, you just need to recognize when the timing is right and know how to act. Stay sharp and be on the lookout.
👉 Read it here: https://graystoneig.com/articles/subject-to-is-back-baby-why-im-buying-infinite-return-properties-in-2025
If you think this market is dead, think again. This is where the pros are eating.
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