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How much can you afford for a home?

Or, in other words, how much home can you afford?

I bet people who are buying properties subto can afford a whole lot more home than you.

The general rule of thumb when going the traditional route of buying a home – which I don’t recommend, by the way – is the 28/36 rule.

That’s don’t spend more than 28% of your monthly gross income on home related costs and no more than 36% of monthly gross income on debts, like a mortgage. If you’re the average guy making around $67k a year, that leaves you with a measly $2,010 a month for a mortgage. And that’s before taxes!

The average mortgage payment for the Average Joe is $2,064 before you pay property taxes, HOA fees, insurance, and utilities.


With interest rates only going up, that leaves a lot of good people struggling for affordable housing right now. So, what are you to do?

I’ll tell you what I would do – and what I do every day!

I buy properties through creative financing. I’ll either obtain them through subto contracts or seller financing. These strategies of creative financing get tenants into homes at affordable prices way faster than the traditional way of getting a mortgage.

When you do it the way banks want you to, nobody but the banks make money.

When you do it with the Morby Method, you don’t have to pay a bank back for a debt in your name.

And you save yourself money. And you don’t have to come out of your own pocket for a huge down payment!

Just listen to this phone call I had with a prospective seller, and hear how easy it is to get homes for tenants that they can actually afford.

You tell me, was it that hard?

Subto saves everybody money. Subto lets you:

  • Take over the payments of a seller (saves them money)

  • Attain a property without a large down payment (saves you money)

  • Put someone into affordable housing now (saves them money)

I’m hearing a win-win-win.

And yes, there are wins everywhere in today’s market. You just need to know where to find them.

Let’s get into the game and get paid!


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