As real estate investors one of the tools in our tool belt is buying a house “Subject To.” As investors, we advertise that if you want to sell fast, we are the people to call. What is buying a house \"Subject To\"? Buying “subject to” means buying a home subject to the existing mortgage. Other \"down sides\" of buying Subject To are 1) you cannot depreciate the house and 2) the seller gets to write off the loan interest (not the investor) since the loan is in the seller's name (another benefit for the seller). I then refinance the house in a year or two, maybe even pull some cash out and rinse and repeat!