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“THE EZ WAY TO BUY AND MANAGE INCOME PROPERTY”

Our experienced team of asset managers has a wealth of knowledge when it comes to investing in income properties. We understand the nuances of the market and can identify the best opportunities available, whether you're looking to purchase a single property or build a portfolio.

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Leas Option

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  • One of the main benefits of buying a property using subject to is that it requires less cash upfront. You can take over the existing mortgage payments without having to get a new loan or make a down payment.

  • Since subject to deals don't require new mortgages, the closing process can be faster and smoother. This means you can get into a property quickly and potentially avoid lengthy loan application processes.

  • Sellers may be more willing to sell their property using subject to because it allows them to avoid foreclosure or a short sale. It can also be a way for them to quickly move on from the property and avoid associated costs.

  • If the existing mortgage on the property has favorable interest rates or other financing terms, you can take advantage of those without having to qualify for your own loan.

Pros and Cons of Buying a Property Using Subject To



# Pros


  • Less cash required upfront: One of the main benefits of buying a property using subject to is that it requires less cash upfront. You can take over the existing mortgage payments without having to get a new loan or make a down payment.


  • Faster closing time: Since subject to deals don't require new mortgages, the closing process can be faster and smoother. This means you can get into a property quickly and potentially avoid lengthy loan application processes.


  • Seller benefits: Sellers may be more willing to sell their property using subject to because it allows them to avoid foreclosure or a short sale. It can also be a way for them to quickly move on from the property and avoid associated costs.


  • Potential for favorable financing terms: If the existing mortgage on the property has favorable interest rates or other financing terms, you can take advantage of those without having to qualify for your own loan.



# Cons


  • Risks for the buyer: When buying a property using subject to, you inherit any underlying liens, judgments, or taxes on the property. This can be risky if there are unforeseen financial issues or legal problems associated with the property.


  • Responsibility for mortgage payments: When taking over someone else's mortgage, you're taking on the responsibility for making the payments on time. If you miss a payment or default, it can negatively impact your credit history.


  • Seller cooperation: In order to close a subject to deal, you need the seller's cooperation and agreement to transfer the property's title and mortgage to you. If the seller changes their mind or doesn't follow through, the deal can fall through.


  • Lack of control: When buying a property using subject to, you don't have complete control over the mortgage, since you're taking over someone else's existing loan. This means you may be limited in making changes to the loan or refinancing in the future.



Overall, buying a property using subject to can be a good option for those who are looking to invest in property with less upfront cash and a faster closing time. However, it's important to carefully consider the risks and potential drawbacks associated with this type of deal before moving forward.

Rasing Property Value

At Manifest Property Group, we believe that increasing the property value of our rental properties is the most effective way to increase the rent rate. By enhancing the overall quality and attractiveness of our properties, we can offer tenants a higher standard of living, which they are willing to pay more for.

To achieve this, we regularly invest in property improvements, such as upgrading appliances, renovating kitchens and bathrooms, enhancing landscaping and common areas, and implementing energy-efficient solutions. Such upgrades not only make our properties more desirable to tenants but also increase their market value.

By increasing the rent rate, we are able to generate more income and generate a better return on investment for our property owners. However, we ensure that any rent increases are reasonable and justifiable, taking into account the local rental market and the fair value of the property.

Overall, investing in our rental properties is a win-win strategy for tenants, property owners, and our company. By focusing on improving the value of our properties, we can provide tenants with a better standard of living while generating a higher return on investment for our clients.

Diversified Portfolio

At Manifest Property Group, we understand that not all single-family rental properties are used solely for long-term leases. In fact, there are a range of other possibilities for utilizing these properties depending on the needs of the owner and community. Several of these alternative uses include section 8 housing, sober living arrangements, and Airbnb rentals.

Section 8 housing is a government-funded program that helps low-income families afford safe and decent housing in the private market. As a property owner, you receive government subsidies to cover a portion of the rent, and in return, you provide a safe and habitable home for Section 8 tenants. Not only do you help families in need, but you also receive a reliable rental income stream from the government.

Sober living arrangements, on the other hand, cater to individuals in recovery from addiction. These types of rentals often have additional rules and regulations in place to promote sobriety and provide a supportive environment for those in recovery. For example, some sober living rentals require regular drug testing or have curfews in place to prevent relapses. By opening up your single-family home to those in recovery, you can offer a comfortable and supportive environment for individuals to work towards a healthy lifestyle.

AirBnb

Airbnb vs Traditional Rental Methods

Airbnb can generate a higher income than traditional rental methods.
One of the key advantages of using Airbnb is the potential for higher nightly rates compared to long-term rentals. In most cases, Airbnb hosts can charge far more per night than they would for a monthly rental, depending on the location and type of property. Additionally, guests may be willing to pay extra for a unique and personalized experience, such as staying in a well-appointed and well-located property.

Another benefit of Airbnb is the flexibility it provides. Unlike traditional leases, Airbnb allows hosts to adjust nightly rates, minimum stays, and availability based on demand. This can be particularly useful for properties that experience seasonal fluctuations in travel demand.

Of course, there are also some risks associated with Airbnb. Hosts may face higher vacancy rates and the potential for property damage, as guests are often only staying for short periods.

— Squarespace