DiscoverThe Active Duty Passive Income PodcastSubject-To is LEGAL?! The Strategy Agents Don't Want You to Know with Adam Catledge | Ep 380
Subject-To is LEGAL?! The Strategy Agents Don't Want You to Know with Adam Catledge | Ep 380

Subject-To is LEGAL?! The Strategy Agents Don't Want You to Know with Adam Catledge | Ep 380

Update: 2025-11-13
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Uncovering Creative Financing: A Deep Dive with Adam Catledge

In this episode, we welcome Adam Catledge, a Marine Corps veteran and seasoned entrepreneur, to demystify the complexities of creative financing in real estate. Known for his profound knowledge in sub-2s and wraparound mortgages, Adam shares his journey from military service to becoming a successful real estate investor. He elaborates on his first deals, the mechanics of subject-to transactions, and how wraparound mortgages can create significant cash flow and value. Adam also introduces the concept of co-living as a lucrative exit strategy and underlines the importance of working with mentors to expedite success in creative financing. This conversation provides invaluable insights and practical advice for both novice and seasoned investors.

Episode Breakdown: 

00:00 Introduction and Guest Welcome

01:24 Adam Keli's Background and Military Service

02:16 Discovering Creative Financing

07:28 First Creative Finance Deal

17:07 Understanding Subject To Transactions

23:54 Dealing with the Due on Sale Clause

31:51 Creative Financing in the Current Market

42:15 Addressing the Risk of Non-Payment

43:06 Mitigating Risk with Mortgage Underwriters

45:11 Understanding the Do on Sale Clause

45:50 Strategies for Handling Regional Banks

47:05 Capital Raising Insights

47:33 Exploring Exit Strategies

47:42 Wraparound Mortgages Explained

51:12 Benefits of Using a Servicing Company

01:07:29 Co-Living as a Real Estate Strategy

01:17:52 Final Thoughts and Resources

 Do you want to join a community of like-minded Military Real Estate Investors offering real estate education that actually works while celebrating camaraderie, and competition, and fostering a spirit of support? 

Introducing ADPI Campus™ - the premiere platform and online space for Military Real Estate Investors worldwide! Podcast listeners can JOIN ADPI CAMPUS now and get in on the action! 

Helpful Resources

Connect with the ADPI: FacebookInstagram | YouTube

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Thanks for tuning in to this week's episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews has inspired you to pursue your dreams of financial independence, please do me a personal favor and head over to Apple Podcasts, subscribe to our show, and leave us a 5-star review.

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Subject-To is LEGAL?! The Strategy Agents Don't Want You to Know with Adam Catledge | Ep 380

Subject-To is LEGAL?! The Strategy Agents Don't Want You to Know with Adam Catledge | Ep 380

Markian Sich