too many mtgs to my name

[Len Balducci]

I have several mortgages to my name. How does one continue to grow there real estate portfolio.  

[Brian Gibbons]

@Len Balducci

I write about creative financing which is a really vague term; I define creative financing by 

"how can you control or purchase a property without banks or credit?"

If you search on BiggerPockets, "Brian Gibbons creative financing," you will find a ton of information about buying without banks or credit

Here are some definitions. 

Subject to or sub two means buying the property, getting the deed, and keeping the loan  in the sellers name.

Buying on lease option or lease purchase isn't really buying, it's controlling. You can do a sandwich lease option or lease-option assignment get out of the deal

Buying on a contract for deed or land contract allows you to get some kind of title as a buyer, you make payments as agreed and then get the deed down the road

Buying on a wraparound mortgage is another way to purchase a property without a bank. Where I live in California it's called all-inclusive trust deed, or aitd. A wraparound mortgage gives you title

Buying with the partners such as a joint venture partner can be beneficial, say JV Partners put up down payment money and their credit, you create an LLC, and the LLC owns the property

For a minor rehab, which  doesn't qualify for a Wholesaling deal, because it's only 10% or less of value to do the rehab, you can do a joint venture with the seller, agree to give them equity in a note, get on title, then do the work, then sell it, and make a joint venture fee after you pay the rehab costs and after you pay off the seller's note

Lease option assignments is one of the simplest and easiest ways for new people to get started in real estate, get your license first, because you're selling the paperwork, you're not on title.

Subject to and a note is one of my favorite ways to buy a property with a lot of equity that has existing financing. You can structure the promissory note so there's no payments for a period of time or payments every quarter or every six months or annually. 

One of the things people don't realize is that sellers can get a new first mortgage refinance. Say sellers are working and they own a house and has a small first mortgage on it. Have them get an 80% loan to value mortgage and you take over their payments, and give them a note for their remaining equity.

I encourage everybody to understand these particular strategies to make money without banks and without credit.

@Steve Vaughan